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

MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson bought 1,450 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $17.23 per share, with a total value of $24,983.50. Following the completion of the transaction, the chief financial officer now owns 62,758 shares in the company, valued at $1,081,320.34. This represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MVB Financial Stock Performance

NASDAQ MVBF opened at $17.52 on Friday. MVB Financial Corp. has a 1-year low of $16.81 and a 1-year high of $25.24. The company has a market cap of $226.87 million, a P/E ratio of 11.45 and a beta of 1.03. 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 50-day moving average of $18.93 and a two-hundred day moving average of $19.90.

MVB Financial (NASDAQ:MVBF) last announced 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. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The business had revenue of $46.18 million during the quarter, compared to the consensus estimate of $33.60 million. As a group, analysts anticipate that MVB Financial Corp. will post 1.4 EPS for the current year.

MVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Friday, February 28th. MVB Financial’s dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their target price on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Hedge Funds Weigh In On MVB Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of MVB Financial during the fourth quarter worth about $111,000. Wells Fargo & Company MN grew its position in shares of MVB Financial by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock worth $180,000 after buying an additional 1,467 shares in the last quarter. Empowered Funds LLC boosted its holdings in 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 purchasing an additional 536 shares in the last quarter. Natixis Advisors LLC acquired a new position in MVB Financial in the third quarter valued at approximately $242,000. Finally, Deutsche Bank AG acquired a new position in MVB Financial in the fourth quarter valued at approximately $272,000. 52.72% of the stock is owned by institutional investors and hedge funds.

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.