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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2024 | $21.00 | Outperform → Market Perform | Hovde Group |
| 5/8/2024 | $27.00 → $23.00 | Outperform | Hovde Group |
| 2/27/2023 | $35.00 | Overweight | JP Morgan |
| 2/21/2023 | $29.00 | Outperform | Raymond James |
| 4/1/2022 | $64.00 | Strong Buy | Raymond James |
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2024, with reported net income of $2.1 million, or $0.16 basic and diluted earnings per share. Third Quarter 2024 Highlights Previously disclosed digital asset program exit reduced EPS by $0.29 in third quarter and $0.37 year-to-date. Noninterest bearing deposits represent 33.0% of total deposits. On balance sheet payments-related deposits increased by 60.8% due to growth in existing relationships. Tangible book value per share of $23.20, up 2.2% from the prior quarter. Capital strength further enha
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB," or the "Company") has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2024, payable on September 15, 2024. This is the third quarterly dividend for 2024. "Several notable developments during the second quarter impacted our near-term financial results, while also helped to solidify our strategy, setting the stage for future growth and improved profitability," said Larry F. Mazza, Chief Executive Officer, MVB. "MVB's second quarter financial results were marked by improved expense control, shareholder value creation in th
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the second quarter of 2024, with reported net income of $4.1 million, or $0.32 basic and $0.31 diluted earnings per share. Second Quarter 2024 Highlights MVB names payments industry veteran Jeremy Kuiper as Fintech President. MVB and Intuit-Credit Karma renew partnership agreement. Exit of digital asset program account relationships during second quarter reduced EPS by $0.08 with strong funding and liquidity profile maintained. Noninterest bearing deposits represent 34.1% of total deposits | Loan-to-deposit ratio of
Hovde Group downgraded MVB Financial from Outperform to Market Perform and set a new price target of $21.00
Hovde Group reiterated coverage of MVB Financial with a rating of Outperform and set a new price target of $23.00 from $27.00 previously
JP Morgan initiated coverage of MVB Financial with a rating of Overweight and set a new price target of $35.00
Hovde Group analyst Brett Rabatin downgrades MVB Financial (NASDAQ:MVBF) from Outperform to Market Perform.
JPMorgan analyst Steven Alexopoulos has identified seven bank stocks poised for significant growth in the current market landscape. He’s referred to these picks as “our ‘Magnificent Seven'”. JPMorgan’s Magnificent Seven Bank Stock Picks Alexopoulos’ picks from among mid- and small-cap banks, and his views (summarized) on them are as follows: First Citizens BancShares Inc (Delaware) Class A (NASDAQ:FCNCA): Despite a challenging VC environment in 1Q24, First Citizens’ acquisition of SVB has stabilized deposit balances and increased new deposits, indicating potential growth in the future. The bank’s asset-sensitive balance sheet could benefit from potential Fed rate cuts, leading to s
In the last three months, 4 analysts have published ratings on MVB Financial (NASDAQ:MVBF), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $27.0, a high estimate of $30.00, and a low estimate of $25.00. This current average has decreased by 3.57% from the pre
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the third quarter of 2024, with reported net income of $2.1 million, or $0.16 basic and diluted earnings per share. Third Quarter 2024 Highlights Previously disclosed digital asset program exit reduced EPS by $0.29 in third quarter and $0.37 year-to-date. Noninterest bearing deposits represent 33.0% of total deposits. On balance sheet payments-related deposits increased by 60.8% due to growth in existing relationships. Tangible book value per share of $23.20, up 2.2% from the prior quarter. Capital strength further enha
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB," or the "Company") has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2024, payable on September 15, 2024. This is the third quarterly dividend for 2024. "Several notable developments during the second quarter impacted our near-term financial results, while also helped to solidify our strategy, setting the stage for future growth and improved profitability," said Larry F. Mazza, Chief Executive Officer, MVB. "MVB's second quarter financial results were marked by improved expense control, shareholder value creation in th
MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB" or the "Company"), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the second quarter of 2024, with reported net income of $4.1 million, or $0.32 basic and $0.31 diluted earnings per share. Second Quarter 2024 Highlights MVB names payments industry veteran Jeremy Kuiper as Fintech President. MVB and Intuit-Credit Karma renew partnership agreement. Exit of digital asset program account relationships during second quarter reduced EPS by $0.08 with strong funding and liquidity profile maintained. Noninterest bearing deposits represent 34.1% of total deposits | Loan-to-deposit ratio of
SC 13G/A - MVB FINANCIAL CORP (0001277902) (Subject)
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SC 13G/A - MVB FINANCIAL CORP (0001277902) (Subject)
8-K - MVB FINANCIAL CORP (0001277902) (Filer)
10-Q - MVB FINANCIAL CORP (0001277902) (Filer)
8-K - MVB FINANCIAL CORP (0001277902) (Filer)
4 - MVB FINANCIAL CORP (0001277902) (Issuer)
4 - MVB FINANCIAL CORP (0001277902) (Issuer)
4 - MVB FINANCIAL CORP (0001277902) (Issuer)
Purpose and Values Driven Culture Recognized Nationally MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. ("MVB Financial") (NASDAQ:MVBF) (collectively "MVB"), for the third consecutive year has been named one of American Banker Magazine's Best Banks to Work For. MVB placed number 16 among the 90 U.S. banks in the ranking, which assesses employee satisfaction in areas including corporate culture and communications, training and development opportunities and pay and benefits. "Through our strategic Culture Initiative, culture has become MVB's secret sauce and part of our corporate DNA, mindset and behavior of Team MVB," said Larry F. Mazza, CEO, MVB Financial. "These resul
The Board of Directors of MVB Financial Corp. ("MVBF" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Jan L. Owen as a Member of the Board. "MVB is pleased to have Jan join the MVB Board of Directors. With her strong knowledge of federal, state and international regulatory requirements and her background in payments and cryptocurrency, she will provide valuable expertise to the Board as we pursue our growth vehicles related to our expanding Fintech business," said W. Marston "Marty" Becker, Chairman, MVBF Board of Directors. Since 2019, Owen has been a senior advisor in the Financial Services Group at Manatt, Phelps & Phillips, LLP, and is based in the Sacramento, Calif
The Board of Directors of MVB Financial Corp. ("MVB" or "MVB Financial") (NASDAQ:MVBF) has announced the appointment of Lindsay Slader as a Member of the Board. "MVB is pleased to have Lindsay join the MVB Board of Directors. As a leader in the gaming industry, she will provide valuable expertise to the Board as we pursue our growth vehicles related to our expanding Fintech business," said David Alvarez, Chairman, MVB Financial Board of Directors. Slader was approved as a Director by the shareholders of MVB at the annual meeting of shareholders Tuesday, May 17, 2022, to serve for a three-year term. Slader serves as the Managing Director of Gaming at GeoComply, a cybersecurity and fraud p