Mvb Financial (NASDAQ:MVBF) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Mvb Financial (NASDAQ:MVBF) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other research firms have also commented on MVBF. Hovde Group upped their price objective on Mvb Financial from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Zacks Research downgraded shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Mvb Financial from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 10th. TD Cowen initiated coverage on shares of Mvb Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Cowen began coverage on Mvb Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mvb Financial currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Mvb Financial Stock Performance

Shares of MVBF traded down $0.15 during mid-day trading on Friday, reaching $26.33. The company had a trading volume of 21,490 shares, compared to its average volume of 33,200. The stock has a market capitalization of $331.34 million, a P/E ratio of 10.70 and a beta of 1.09. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $27.49. The stock has a 50 day moving average of $25.62 and a two-hundred day moving average of $23.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23.

Mvb Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Mvb Financial’s dividend payout ratio (DPR) is currently 27.64%.

Insider Buying and Selling

In other news, CFO Michael Robert Sumbs bought 2,000 shares of Mvb Financial stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the chief financial officer directly owned 2,000 shares of the company’s stock, valued at $52,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Mvb Financial by 75.8% during the 2nd quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Mvb Financial by 2,673.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after acquiring an additional 1,096 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Mvb Financial in the 2nd quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Mvb Financial by 200.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Mvb Financial by 317.6% during the 3rd quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock worth $52,000 after purchasing an additional 1,569 shares during the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

About Mvb Financial

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.