MVB Financial Corp. (NASDAQ:MVBF) CFO Purchases $24,983.50 in Stock

MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson purchased 1,450 shares of the stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $17.23 per share, with a total value of $24,983.50. Following the completion of the transaction, the chief financial officer now owns 62,758 shares of the company’s stock, valued at approximately $1,081,320.34. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MVB Financial Stock Up 3.2 %

MVBF opened at $17.79 on Thursday. The business’s 50-day simple moving average is $18.95 and its 200-day simple moving average is $19.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. MVB Financial Corp. has a one year low of $16.81 and a one year high of $25.24. The stock has a market capitalization of $230.22 million, a P/E ratio of 11.63 and a beta of 1.03.

MVB Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.39. The firm had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $33.60 million. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. Analysts anticipate that MVB Financial Corp. will post 1.4 EPS for the current year.

MVB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.82%. The ex-dividend date was Friday, February 28th. MVB Financial’s dividend payout ratio (DPR) is presently 44.44%.

Hedge Funds Weigh In On MVB Financial

Several institutional investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC increased its position in MVB Financial by 19.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 924,053 shares of the company’s stock valued at $19,128,000 after acquiring an additional 149,464 shares during the period. Dimensional Fund Advisors LP increased its position in MVB Financial by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company’s stock worth $8,052,000 after purchasing an additional 20,992 shares during the period. Banco Santander S.A. acquired a new position in MVB Financial during the 4th quarter worth approximately $7,558,000. Geode Capital Management LLC increased its position in MVB Financial by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company’s stock worth $5,136,000 after purchasing an additional 6,002 shares during the period. Finally, State Street Corp increased its position in MVB Financial by 2.9% during the 3rd quarter. State Street Corp now owns 225,727 shares of the company’s stock worth $4,370,000 after purchasing an additional 6,274 shares during the period. Institutional investors and hedge funds own 52.72% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

MVB Financial Company Profile

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.