Banco Santander S.A. Takes $7.56 Million Position in MVB Financial Corp. (NASDAQ:MVBF)

Banco Santander S.A. acquired a new position in MVB Financial Corp. (NASDAQ:MVBF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 365,107 shares of the company's stock, valued at approximately $7,558,000. Banco Santander S.A. owned about 2.82% of MVB Financial at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of MVB Financial by 30.2% during the third quarter. JPMorgan Chase & Co. now owns 45,926 shares of the company's stock valued at $889,000 after buying an additional 10,649 shares during the last quarter. Geode Capital Management LLC grew its position in MVB Financial by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company's stock valued at $5,136,000 after acquiring an additional 6,002 shares during the last quarter. Barclays PLC increased its stake in MVB Financial by 99.5% in the third quarter. Barclays PLC now owns 24,436 shares of the company's stock worth $474,000 after purchasing an additional 12,190 shares during the period. Empowered Funds LLC grew its holdings in shares of MVB Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock worth $269,000 after purchasing an additional 625 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in shares of MVB Financial by 19.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 924,053 shares of the company's stock worth $19,128,000 after buying an additional 149,464 shares in the last quarter. 52.72% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective on MVB Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.

MVB Financial Trading Up 1.7 %

Shares of MVBF stock traded up $0.30 on Tuesday, hitting $17.21. The stock had a trading volume of 28,249 shares, compared to its average volume of 32,938. The company's 50 day moving average price is $19.36 and its 200-day moving average price is $20.11. MVB Financial Corp. has a 1 year low of $16.81 and a 1 year high of $25.24. The firm has a market capitalization of $222.65 million, a P/E ratio of 11.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94.

MVB Financial (NASDAQ:MVBF - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.95%. MVB Financial's dividend payout ratio is presently 44.44%.

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.