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

A number of other equities research analysts have also recently weighed in on the company. Hovde Group assumed coverage on Mvb Financial in a report on Friday, March 8th. They set an outperform rating and a $18.50 price target on the stock. Keefe, Bruyette & Woods assumed coverage on Mvb Financial in a report on Tuesday, January 8th. They set a market perform rating and a $20.00 price target on the stock. Finally, TheStreet raised Mvb Financial from a c+ rating to a b rating in a report on Wednesday, February 13th.

Shares of OTCMKTS MVBF opened at $16.80 on Friday. Mvb Financial has a 52-week low of $14.31 and a 52-week high of $19.90.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Mvb Financial by 86.5% during the fourth quarter. Bank of America Corp DE now owns 5,712 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 2,650 shares in the last quarter. Rhumbline Advisers bought a new stake in Mvb Financial during the fourth quarter worth approximately $210,000. Bank of New York Mellon Corp raised its holdings in Mvb Financial by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 25,782 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 5,011 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Mvb Financial by 139.2% during the third quarter. Dimensional Fund Advisors LP now owns 30,724 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 17,877 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mvb Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 110,559 shares of the financial services provider’s stock worth $1,994,000 after purchasing an additional 3,839 shares in the last quarter. 4.98% of the stock is currently owned by institutional investors.

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.

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