MVB Financial Corp. (NASDAQ:MVBF) Short Interest Down 23.5% in January

MVB Financial Corp. (NASDAQ:MVBF - Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 86,800 shares, a decrease of 23.5% from the December 31st total of 113,400 shares. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of MVB Financial

A number of hedge funds have recently bought and sold shares of MVBF. SG Americas Securities LLC acquired a new position in shares of MVB Financial in the 4th quarter valued at $111,000. Empowered Funds LLC boosted its holdings in shares of MVB Financial by 4.5% in the 3rd 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 position in shares of MVB Financial in the 3rd quarter valued at $242,000. Squarepoint Ops LLC boosted its holdings in shares of MVB Financial by 75.2% in the 2nd quarter. Squarepoint Ops LLC now owns 16,748 shares of the company's stock valued at $312,000 after purchasing an additional 7,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of MVB Financial by 19.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company's stock valued at $373,000 after purchasing an additional 3,077 shares during the last quarter. Institutional investors and hedge funds own 52.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on shares of MVB Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.

MVB Financial Stock Up 0.3 %

Shares of NASDAQ MVBF opened at $19.84 on Friday. MVB Financial has a 1 year low of $17.51 and a 1 year high of $25.24. The firm's 50 day moving average price is $20.55 and its 200 day moving average price is $20.63. The firm has a market cap of $256.73 million, a P/E ratio of 13.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.19). MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The firm had revenue of $53.28 million for the quarter, compared to analyst estimates of $35.90 million. As a group, sell-side analysts anticipate that MVB Financial will post 1.08 earnings per share for the current year.

MVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. MVB Financial's dividend payout ratio (DPR) is currently 47.89%.

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.