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

MVB Financial Corp. (NASDAQ:MVBF - Get Free Report) CFO Donald T. Robinson acquired 1,450 shares of the company's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $17.23 per share, for a total transaction of $24,983.50. Following the completion of the purchase, the chief financial officer now owns 62,758 shares of the company's stock, valued at $1,081,320.34. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MVB Financial Stock Performance

Shares of NASDAQ:MVBF traded down $0.18 during midday trading on Friday, hitting $17.34. The stock had a trading volume of 45,234 shares, compared to its average volume of 26,970. The company has a market capitalization of $224.54 million, a PE ratio of 11.33 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 stock has a 50 day moving average price of $18.91 and a two-hundred day moving average price of $19.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.39. The firm had revenue of $46.18 million for 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%. As a group, equities analysts predict that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

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MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Friday, February 28th. MVB Financial's dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on shares of MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd.

Institutional Trading of MVB Financial

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of MVB Financial in the fourth quarter valued at about $111,000. Wells Fargo & Company MN raised its position in shares of MVB Financial by 20.3% in the fourth 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 last quarter. Empowered Funds LLC raised its position in shares of 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 buying an additional 536 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of MVB Financial in the third quarter valued at approximately $242,000. Finally, Deutsche Bank AG acquired a new position in shares of MVB Financial in the fourth quarter valued at approximately $272,000. Hedge funds and other institutional investors own 52.72% of the company's stock.

About MVB Financial

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.