MVB Financial Corp. (NASDAQ:MVBF) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of MVB Financial Corp. (NASDAQ:MVBF - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,161,649 shares of the company's stock after selling 110,395 shares during the quarter. Wellington Management Group LLP owned about 8.98% of MVB Financial worth $24,046,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in MVB Financial during the 4th quarter worth approximately $111,000. Empowered Funds LLC grew its stake 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 valued at $269,000 after buying an additional 625 shares in the last quarter. Barclays PLC lifted its position in shares of MVB Financial by 99.5% during 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 in the last quarter. Sippican Capital Advisors boosted its position in MVB Financial by 29.2% in the 4th quarter. Sippican Capital Advisors now owns 30,785 shares of the company's stock valued at $637,000 after buying an additional 6,965 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in MVB Financial by 30.2% in the third quarter. JPMorgan Chase & Co. now owns 45,926 shares of the company's stock valued at $889,000 after purchasing an additional 10,649 shares during the period. 52.72% of the stock is owned by institutional investors and hedge funds.

MVB Financial Stock Performance

Shares of MVBF stock traded down $0.27 during trading hours on Friday, reaching $15.88. 19,567 shares of the company's stock were exchanged, compared to its average volume of 28,897. 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 company's 50 day moving average is $18.02 and its two-hundred day moving average is $19.51. The company has a market cap of $205.63 million, a P/E ratio of 10.38 and a beta of 0.89. MVB Financial Corp. has a 1 year low of $15.80 and a 1 year high of $25.24.

MVB Financial (NASDAQ:MVBF - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.39. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The company had revenue of $46.18 million during the quarter, compared to the consensus estimate of $33.60 million. Equities research analysts anticipate that MVB Financial Corp. will post 1.4 EPS for the current fiscal year.

MVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 4.28%. MVB Financial's payout ratio is currently 44.44%.

Analysts Set New Price Targets

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

Insider Buying and Selling at MVB Financial

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

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.