Inspire Investing LLC Makes New Investment in MVB Financial Corp. (NASDAQ:MVBF)

Inspire Investing LLC bought a new stake in MVB Financial Corp. (NASDAQ:MVBF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,855 shares of the company’s stock, valued at approximately $772,000. Inspire Investing LLC owned 0.31% of MVB Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of MVB Financial by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 1,353,624 shares of the company’s stock valued at $30,538,000 after buying an additional 49,007 shares during the last quarter. Quadrature Capital Ltd acquired a new position in MVB Financial during the 4th quarter worth about $231,000. BNP Paribas Financial Markets boosted its position in MVB Financial by 515.9% in the 1st quarter. BNP Paribas Financial Markets now owns 20,195 shares of the company’s stock valued at $451,000 after buying an additional 16,916 shares during the period. Sippican Capital Advisors acquired a new position in MVB Financial during the 1st quarter worth $308,000. Finally, Empowered Funds LLC purchased a new stake in shares of MVB Financial during the first quarter worth approximately $248,000. Hedge funds and other institutional investors own 52.72% of the company’s stock.

MVB Financial Trading Up 1.3 %

Shares of MVB Financial stock opened at $19.63 on Tuesday. MVB Financial Corp. has a 1 year low of $17.51 and a 1 year high of $25.24. The company’s fifty day moving average is $19.97 and its two-hundred day moving average is $19.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $252.95 million, a P/E ratio of 10.50 and a beta of 1.05.

MVB Financial (NASDAQ:MVBF) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The business had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $38.20 million. MVB Financial had a net margin of 9.28% and a return on equity of 7.08%. Analysts forecast that MVB Financial Corp. will post 1.38 earnings per share for the current year.

MVB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, August 30th. MVB Financial’s dividend payout ratio (DPR) is 36.36%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on shares of MVB Financial from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.

MVB Financial 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.