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

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

MVB Financial Price Performance

MVBF opened at $17.24 on Wednesday. The company has a 50-day moving average of $18.98 and a 200-day moving average of $19.93. The company has a market capitalization of $223.10 million, a P/E ratio of 11.27 and a beta of 1.03. MVB Financial Corp. has a 1-year low of $16.81 and a 1-year high of $25.24. 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 (NASDAQ:MVBF) last released its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.39. The company had revenue of $46.18 million during the quarter, compared to the consensus estimate of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. Equities analysts expect that MVB Financial Corp. will post 1.4 EPS for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, February 28th. MVB Financial’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MVBF. SG Americas Securities LLC acquired a new position in shares of MVB Financial in the 4th quarter valued at about $111,000. Wells Fargo & Company MN boosted its holdings in shares of MVB Financial by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock valued at $180,000 after buying an additional 1,467 shares during the period. Empowered Funds LLC boosted its holdings in shares of MVB Financial by 4.5% in the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after buying an additional 536 shares during the period. Natixis Advisors LLC acquired a new position in shares of MVB Financial in the 3rd quarter valued at about $242,000. Finally, Deutsche Bank AG acquired a new position in shares of MVB Financial in the 4th quarter valued at about $272,000. 52.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their price target on shares of MVB Financial from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note 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.