Diamond Hill Capital Management Inc. Buys Shares of 64,448 Mvb Financial Corp. $MVBF

Diamond Hill Capital Management Inc. bought a new stake in Mvb Financial Corp. (NASDAQ:MVBF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,448 shares of the company’s stock, valued at approximately $1,665,000.

Several other large investors also recently bought and sold shares of MVBF. Russell Investments Group Ltd. grew its holdings in Mvb Financial by 2,673.2% in the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after purchasing an additional 1,096 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mvb Financial in the second quarter valued at $32,000. Tower Research Capital LLC TRC grew its holdings in Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after purchasing an additional 1,248 shares during the last quarter. Strs Ohio acquired a new stake in shares of Mvb Financial during the first quarter valued at $132,000. Finally, Huntington National Bank acquired a new stake in shares of Mvb Financial during the third quarter valued at $138,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MVBF shares. Raymond James Financial lowered Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. TD Cowen decreased their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Hovde Group increased their price objective on Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mvb Financial has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Mvb Financial Stock Down 0.2%

MVBF opened at $25.78 on Friday. The business’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $26.54. Mvb Financial Corp. has a 52 week low of $18.80 and a 52 week high of $29.59. The firm has a market cap of $331.27 million, a P/E ratio of 11.83 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%.The firm had revenue of $36.53 million for the quarter, compared to the consensus estimate of $37.72 million. As a group, equities research analysts anticipate that Mvb Financial Corp. will post 1.69 EPS for the current fiscal year.

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 2.6%. Mvb Financial’s dividend payout ratio is 31.19%.

Mvb Financial Company Profile

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.