MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson Purchases 1,450 Shares

MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson bought 1,450 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $17.23 per share, for a total transaction of $24,983.50. Following the completion of the purchase, the chief financial officer now directly owns 62,758 shares in the company, valued at approximately $1,081,320.34. The trade was a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

MVB Financial Price Performance

Shares of MVBF traded down $0.13 during midday trading on Tuesday, reaching $17.24. The stock had a trading volume of 38,398 shares, compared to its average volume of 27,024. The company’s 50-day moving average is $19.03 and its 200 day moving average is $19.96. MVB Financial Corp. has a 12-month low of $16.81 and a 12-month high of $25.24. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $223.10 million, a price-to-earnings ratio of 11.27 and a beta of 1.03.

MVB Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.72 earnings per share (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 firm had revenue of $46.18 million during the quarter, compared to analysts’ expectations of $33.60 million. On average, equities analysts predict that MVB Financial Corp. will post 1.4 EPS for the current fiscal year.

MVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, February 28th. MVB Financial’s dividend payout ratio is presently 44.44%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On MVB Financial

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in MVB Financial during the 4th quarter valued at about $111,000. Wells Fargo & Company MN boosted its holdings in MVB Financial by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock valued at $180,000 after acquiring an additional 1,467 shares during the period. Empowered Funds LLC boosted its holdings in MVB Financial by 4.5% during the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after acquiring an additional 536 shares during the period. Natixis Advisors LLC purchased a new stake in MVB Financial during the 3rd quarter valued at about $242,000. Finally, Deutsche Bank AG purchased a new stake in MVB Financial during the 4th quarter valued at about $272,000. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

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.