In a report released yesterday, Catherine Mealor from KBW maintained a Buy rating on MVB Financial (MVBF – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $21.41.
Mealor covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares, United Community Banks, and Cadence Bank. According to TipRanks, Mealor has an average return of 12.7% and a 62.58% success rate on recommended stocks.
Currently, the analyst consensus on MVB Financial is a Moderate Buy with an average price target of $27.50, which is a 28.44% upside from current levels. In a report released on February 20, J.P. Morgan also maintained a Buy rating on the stock with a $30.00 price target.
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MVBF market cap is currently $269.4M and has a P/E ratio of 8.81.
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MVB Financial (MVBF) Company Description:
MVB Financial Corp. is a holding company, which through its subsidiary, engages in the provision of community and mortgage banking services. It also offers commercial and consumer loans, offering an array of loan products for commercial development and real estate, capital needs, as well as personal loans, residential real estate loans, home equity lines of credit, and construction mortgages. The company was founded on January 1, 2004 and is headquartered in Fairmont, WV.
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