Inspire Investing LLC Boosts Position in MVB Financial Corp. (NASDAQ:MVBF)

Inspire Investing LLC increased its holdings in MVB Financial Corp. (NASDAQ:MVBF) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,302 shares of the company’s stock after acquiring an additional 7,447 shares during the quarter. Inspire Investing LLC’s holdings in MVB Financial were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in MVB Financial by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 17,888 shares of the company’s stock worth $333,000 after purchasing an additional 549 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MVB Financial by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 343,623 shares of the company’s stock valued at $6,405,000 after buying an additional 18,649 shares during the period. Squarepoint Ops LLC raised its stake in MVB Financial by 75.2% in the second quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock worth $312,000 after buying an additional 7,191 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in MVB Financial by 19.0% in the third quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock worth $373,000 after buying an additional 3,077 shares during the period. Finally, Sippican Capital Advisors boosted its position in MVB Financial by 11.4% during the 3rd quarter. Sippican Capital Advisors now owns 23,820 shares of the company’s stock valued at $461,000 after acquiring an additional 2,440 shares in the last quarter. Institutional investors own 52.72% of the company’s stock.

MVB Financial Stock Down 1.5 %

NASDAQ:MVBF opened at $19.40 on Friday. 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 firm’s 50-day moving average price is $20.73 and its 200-day moving average price is $20.63. The company has a market capitalization of $251.04 million, a PE ratio of 13.66 and a beta of 1.06. MVB Financial Corp. has a 1-year low of $17.51 and a 1-year high of $25.24.

MVB Financial (NASDAQ:MVBF) last announced 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). MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The business had revenue of $53.28 million during the quarter, compared to analysts’ expectations of $35.90 million. On average, equities analysts predict that MVB Financial Corp. will post 1.08 EPS for the current fiscal year.

MVB Financial Announces Dividend

The business also recently disclosed 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 29th. MVB Financial’s dividend payout ratio (DPR) is presently 47.89%.

Wall Street Analyst Weigh In

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

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.