Nuveen LLC Purchases New Holdings in Mvb Financial Corp. $MVBF

Nuveen LLC bought a new stake in Mvb Financial Corp. (NASDAQ:MVBF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,050 shares of the company's stock, valued at approximately $815,000. Nuveen LLC owned about 0.36% of Mvb Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Mvb Financial by 6,989.3% in the first 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 during the last quarter. Wells Fargo & Company MN increased its position in shares of Mvb Financial by 20.3% in the fourth 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 last quarter. Deutsche Bank AG acquired a new stake in shares of Mvb Financial in the fourth quarter valued at about $272,000. Two Sigma Advisers LP grew its holdings in Mvb Financial by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock worth $279,000 after purchasing an additional 1,400 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Mvb Financial during the fourth quarter worth about $348,000. Institutional investors and hedge funds own 52.72% of the company's stock.

Mvb Financial Stock Performance

Shares of NASDAQ:MVBF traded down $0.19 during trading on Friday, reaching $24.04. 21,644 shares of the stock were exchanged, compared to its average volume of 41,296. Mvb Financial Corp. has a 12 month low of $15.59 and a 12 month high of $25.13. The firm has a market cap of $306.05 million, a PE ratio of 18.49 and a beta of 1.01. The stock has a 50-day moving average price of $23.52 and a 200-day moving average price of $20.06. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.15 earnings per share (EPS) 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 the consensus estimate of $35.80 million. Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%. Research analysts expect that Mvb Financial Corp. will post 1.4 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 29th. Mvb Financial's payout ratio is 52.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MVBF shares. Keefe, Bruyette & Woods lifted their price target on Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wall Street Zen cut Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Raymond James Financial reiterated an "outperform" rating and set a $25.00 price target (up previously from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Finally, Hovde Group reduced their price target on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mvb Financial presently has a consensus rating of "Buy" and a consensus price target of $25.67.

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.