MVB Financial (MVBF)

• Market cap: $275M
• 1 day: 6.46%
• 5 days: -1.62%
• 1 month: -1.35%
• 3 months: 7.49%
• 6 months: 15.93%
• Year to date: -4.96%
• 1 year: -5.51%
• 5 years: -8.48%
• 10 years: 12.43%
• Sector: Financials
• Industry: State Commercial Banks

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 Q3 regulatory filings by fund managers ($100M+ AUM)

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

45% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 20

8% more funds holding

Funds holding: 79 [Q2] → 85 (+6) [Q3]

2% more capital invested

Capital invested by funds: $121M [Q2] → $123M (+$2.15M) [Q3]

1.1% less ownership

Funds ownership: 50.29% [Q2] → 49.19% (-1.1%) [Q3]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $33K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $26 22% upside
• Avg. target: $26 22% upside
• High target: $26 22% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Keefe, Bruyette & Woods Catherine Mealor 69% 1-year accuracy 24 / 35 met price target

22% upside $26

Outperform Maintained

4 Dec 2024