MVB Financial Corp. (NASDAQ:MVBF) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its holdings in MVB Financial Corp. (NASDAQ:MVBF - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 774,589 shares of the company's stock after selling 84,747 shares during the quarter. TimesSquare Capital Management LLC owned approximately 5.99% of MVB Financial worth $14,996,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of MVB Financial by 5.5% during the first quarter. Vanguard Group Inc. now owns 558,946 shares of the company's stock worth $12,470,000 after buying an additional 29,237 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in MVB Financial by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 343,623 shares of the company's stock worth $6,405,000 after acquiring an additional 18,649 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of MVB Financial by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 80,552 shares of the company's stock worth $1,797,000 after purchasing an additional 5,973 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of MVB Financial by 25.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,492 shares of the company's stock valued at $1,314,000 after purchasing an additional 14,176 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of MVB Financial during the third quarter worth about $772,000. Hedge funds and other institutional investors own 52.72% of the company's stock.

MVB Financial Stock Performance

Shares of NASDAQ MVBF traded up $0.59 during mid-day trading on Monday, hitting $22.39. The company had a trading volume of 38,888 shares, compared to its average volume of 27,255. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $289.73 million, a price-to-earnings ratio of 15.35 and a beta of 1.05. MVB Financial Corp. has a 12 month low of $17.51 and a 12 month high of $25.24. The firm's 50 day simple moving average is $19.79 and its two-hundred day simple moving average is $19.77.

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

MVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.04%. MVB Financial's dividend payout ratio is presently 47.89%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on MVB Financial from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st.

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.