Fourthstone LLC Takes $343,000 Position in MVB Financial Corp. (NASDAQ:MVBF)

Fourthstone LLC bought a new stake in shares of MVB Financial Corp. (NASDAQ:MVBF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,553 shares of the company's stock, valued at approximately $343,000. Fourthstone LLC owned 0.13% of MVB Financial as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MVBF. SG Americas Securities LLC purchased a new position in shares of MVB Financial during the 4th quarter valued at $111,000. Wells Fargo & Company MN increased its position in MVB Financial by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock worth $180,000 after purchasing an additional 1,467 shares during the last quarter. Empowered Funds LLC raised its stake in shares of MVB Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock worth $269,000 after purchasing an additional 625 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of MVB Financial during the 4th quarter valued at about $311,000. Finally, Barclays PLC lifted its holdings in shares of MVB Financial by 99.5% during the 3rd quarter. Barclays PLC now owns 24,436 shares of the company's stock valued at $474,000 after buying an additional 12,190 shares during the last quarter. Hedge funds and other institutional investors own 52.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MVBF shares. Keefe, Bruyette & Woods cut their price objective on shares of MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Raymond James cut their price target on shares of MVB Financial from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

Insider Buying and Selling at MVB Financial

In other MVB Financial news, insider Michael Louis Giorgio acquired 5,700 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $17.60 per share, for a total transaction of $100,320.00. Following the purchase, the insider now owns 7,504 shares in the company, valued at $132,070.40. This represents a 315.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 7,400 shares of company stock valued at $129,574 in the last quarter. Corporate insiders own 11.10% of the company's stock.

MVB Financial Stock Performance

Shares of NASDAQ:MVBF traded down $0.06 during trading on Monday, reaching $15.78. The stock had a trading volume of 5,633 shares, compared to its average volume of 29,021. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $17.60 and a two-hundred day simple moving average of $19.41. The firm has a market capitalization of $204.35 million, a price-to-earnings ratio of 10.31 and a beta of 0.89. MVB Financial Corp. has a 52 week low of $15.53 and a 52 week high of $25.24.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data 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 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, analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

MVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 4.31%. MVB Financial's dividend payout ratio is 44.44%.

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.