Martingale Asset Management L P Invests $376,000 in MVB Financial Corp. (NASDAQ:MVBF)

Martingale Asset Management L P acquired a new position in MVB Financial Corp. (NASDAQ:MVBF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,447 shares of the company’s stock, valued at approximately $376,000. Martingale Asset Management L P owned about 0.15% of MVB Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MVBF. Acadian Asset Management LLC increased its stake in shares of MVB Financial by 20.0% in the second quarter. Acadian Asset Management LLC now owns 9,764 shares of the company’s stock worth $181,000 after purchasing an additional 1,629 shares in the last quarter. Empowered Funds LLC boosted its holdings in MVB Financial by 4.5% in the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after buying an additional 536 shares during the period. Natixis Advisors LLC purchased a new position in MVB Financial in the 3rd quarter valued at approximately $242,000. Squarepoint Ops LLC raised its holdings in MVB Financial by 75.2% during the 2nd quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock valued at $312,000 after acquiring an additional 7,191 shares during the period. Finally, Boston Partners lifted its position in shares of MVB Financial by 11.5% during the first quarter. Boston Partners now owns 17,447 shares of the company’s stock worth $389,000 after acquiring an additional 1,793 shares in the last quarter. 52.72% of the stock is currently owned by institutional investors.

MVB Financial Price Performance

Shares of NASDAQ MVBF opened at $21.15 on Wednesday. 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 Corp. has a fifty-two week low of $17.51 and a fifty-two week high of $25.24. The stock has a market cap of $273.68 million, a PE ratio of 14.89 and a beta of 1.08. The stock has a fifty day moving average of $20.36 and a 200-day moving average of $20.13.

MVB Financial (NASDAQ:MVBF) last posted its earnings results 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 net margin of 8.49% and a return on equity of 6.29%. The company had revenue of $53.28 million for the quarter, compared to analysts’ expectations of $35.90 million. Equities research analysts anticipate that MVB Financial Corp. will post 1.08 earnings per share for the current year.

MVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, November 29th. MVB Financial’s dividend payout ratio is presently 47.89%.

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.