Mvb Financial (MVBF) Coverage Initiated by Analysts at Sandler O’Neill

Sandler O’Neill began coverage on shares of Mvb Financial (OTCMKTS:MVBF) in a research report sent to investors on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm issued a hold rating and a $18.50 price target on the financial services provider’s stock.

MVBF has been the topic of a number of other research reports. Keefe, Bruyette & Woods initiated coverage on Mvb Financial in a report on Tuesday, January 8th. They issued a market perform rating and a $20.00 price target on the stock. Hovde Group initiated coverage on Mvb Financial in a report on Friday, March 8th. They issued an outperform rating and a $18.50 price target on the stock. Finally, TheStreet upgraded Mvb Financial from a c+ rating to a b rating in a report on Wednesday, February 13th.

OTCMKTS MVBF opened at $16.80 on Friday. Mvb Financial has a 12-month low of $14.31 and a 12-month high of $19.90.

Mvb Financial (OTCMKTS:MVBF) last released its earnings results on Thursday, February 14th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The business had revenue of $22.71 million for the quarter.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Mvb Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 110,559 shares of the financial services provider’s stock worth $1,994,000 after buying an additional 3,839 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mvb Financial by 24.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 38,197 shares of the financial services provider’s stock worth $689,000 after buying an additional 7,473 shares during the period. Bank of America Corp DE raised its position in shares of Mvb Financial by 86.5% in the 4th quarter. Bank of America Corp DE now owns 5,712 shares of the financial services provider’s stock worth $104,000 after buying an additional 2,650 shares during the period. EJF Capital LLC raised its position in shares of Mvb Financial by 9.3% in the 4th quarter. EJF Capital LLC now owns 1,129,478 shares of the financial services provider’s stock worth $20,376,000 after buying an additional 96,262 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Mvb Financial by 10.8% in the fourth quarter. Bank of New York Mellon Corp now owns 28,569 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 2,787 shares during the period. 4.98% of the stock is currently owned by institutional investors and hedge funds.

About Mvb Financial

MVB Financial Corp. (MVB) is a financial holding company. Through its subsidiaries, MVB Bank, Inc (the Bank), MVB Mortgage and MVB Insurance, LLC, the Company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region.

See Also: Cost of equity and a company’s balance sheet

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