MVB FinancialMVBF
About: MVB Financial Corp is a bank holding company. The company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. The Bank offers its customers various products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. MVB has three reportable segments: CoRe banking; mortgage banking and the financial holding company. It generates majority of its revenues from its CoRe banking segment.
Employees: 445
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
62% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 21
0% more funds holding
Funds holding: 79 [Q1] → 79 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
1.07% less ownership
Funds ownership: 50.67% [Q1] → 49.6% (-1.07%) [Q2]
18% less capital invested
Capital invested by funds: $145M [Q1] → $119M (-$26M) [Q2]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $28K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
JP Morgan Steven Alexopoulos 70% 1-year accuracy 33 / 47 met price target | 41%upside $29 | Overweight Maintained | 31 Jul 2024 |