MVB Financial (NASDAQ:MVBF – Get Free Report) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $24.00 to $26.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 19.05% from the stock’s previous close.
MVB Financial Stock Up 0.4 %
NASDAQ:MVBF opened at $21.84 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $20.46 and its 200-day moving average price is $20.15. MVB Financial has a 1-year low of $17.51 and a 1-year high of $25.24. The firm has a market capitalization of $282.61 million, a P/E ratio of 15.38 and a beta of 1.08.
MVB Financial (NASDAQ:MVBF – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.19). The company had revenue of $53.28 million for the quarter, compared to analyst estimates of $35.90 million. MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. As a group, equities research analysts anticipate that MVB Financial will post 1.08 EPS for the current year.
Hedge Funds Weigh In On MVB Financial
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.
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