Mvb Financial Corp. $MVBF Stake Boosted by Sippican Capital Advisors

Sippican Capital Advisors grew its stake in shares of Mvb Financial Corp. (NASDAQ:MVBF) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,755 shares of the company’s stock after acquiring an additional 4,580 shares during the period. Sippican Capital Advisors’ holdings in Mvb Financial were worth $963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock valued at $92,000 after acquiring an additional 5,242 shares in the last quarter. Strs Ohio acquired a new stake in shares of Mvb Financial in the 1st quarter valued at $132,000. Jane Street Group LLC acquired a new stake in shares of Mvb Financial in the 1st quarter valued at $230,000. Empowered Funds LLC lifted its stake in shares of Mvb Financial by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock valued at $245,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Mvb Financial by 42.4% in the 1st quarter. Hsbc Holdings PLC now owns 24,257 shares of the company’s stock valued at $420,000 after purchasing an additional 7,219 shares during the last quarter. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

Mvb Financial Stock Down 1.7%

Mvb Financial stock opened at $26.35 on Friday. The firm has a market cap of $335.44 million, a price-to-earnings ratio of 20.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Mvb Financial Corp. has a fifty-two week low of $15.59 and a fifty-two week high of $27.22. The firm has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $21.30.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Monday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.16). The firm had revenue of $33.72 million for the quarter, compared to analyst estimates of $35.80 million. Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%. As a group, analysts forecast that Mvb Financial Corp. will post 1.4 earnings per share for the current year.

Mvb Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Mvb Financial’s payout ratio is currently 52.31%.

Analyst Ratings Changes

Several research firms recently issued reports on MVBF. Wall Street Zen lowered shares of Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. TD Cowen began coverage on shares of Mvb Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $35.00 price objective for the company. Raymond James Financial set a $30.00 price objective on shares of Mvb Financial and gave the company an “outperform” rating in a research note on Tuesday. Hovde Group reduced their price objective on shares of Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Cowen began coverage on shares of Mvb Financial in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mvb Financial currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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.