Banco Santander S.A. Buys Shares of 365,107 MVB Financial Corp. (NASDAQ:MVBF)

Banco Santander S.A. acquired a new position in shares of MVB Financial Corp. (NASDAQ:MVBF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 365,107 shares of the company’s stock, valued at approximately $7,558,000.

A number of other hedge funds have also recently added to or reduced their stakes in MVBF. SG Americas Securities LLC acquired a new position in shares of MVB Financial in the 4th quarter valued at about $111,000. Empowered Funds LLC boosted its holdings in MVB Financial by 4.5% in the third quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after purchasing an additional 536 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of MVB Financial during the third quarter worth approximately $242,000. Martingale Asset Management L P bought a new stake in shares of MVB Financial in the 3rd quarter worth about $376,000. Finally, Barclays PLC lifted its holdings in MVB Financial by 99.5% during the 3rd quarter. Barclays PLC now owns 24,436 shares of the company’s stock worth $474,000 after buying an additional 12,190 shares during the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price target on shares of 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 Stock Performance

MVBF stock opened at $17.72 on Friday. MVB Financial Corp. has a 1 year low of $17.29 and a 1 year high of $25.24. The stock has a market capitalization of $229.31 million, a price-to-earnings ratio of 11.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $19.43 and its two-hundred day moving average is $20.14.

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

MVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, February 28th. MVB Financial’s payout ratio is currently 44.44%.

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.