75,000 Shares in MVB Financial Corp. (NASDAQ:MVBF) Purchased by AA Financial Advisors LLC

AA Financial Advisors LLC bought a new stake in shares of MVB Financial Corp. (NASDAQ:MVBF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,000 shares of the company's stock, valued at approximately $1,299,000. AA Financial Advisors LLC owned 0.58% of MVB Financial at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Banco Santander S.A. bought a new stake in shares of MVB Financial in the 4th quarter valued at about $7,558,000. TimesSquare Capital Management LLC lifted its holdings in MVB Financial by 19.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 924,053 shares of the company's stock worth $19,128,000 after acquiring an additional 149,464 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of MVB Financial in the fourth quarter worth about $769,000. Dimensional Fund Advisors LP lifted its holdings in shares of MVB Financial by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company's stock valued at $8,052,000 after purchasing an additional 20,992 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of MVB Financial by 29.8% in the 4th quarter. Bank of New York Mellon Corp now owns 81,969 shares of the company's stock valued at $1,697,000 after purchasing an additional 18,825 shares during the period. Institutional investors and hedge funds own 52.72% of the company's stock.

Insider Activity

In other MVB Financial news, CEO Larry F. Mazza sold 6,962 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $17.49, for a total value of $121,765.38. Following the transaction, the chief executive officer now directly owns 626,358 shares of the company's stock, valued at $10,955,001.42. This represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Ryan Rodriguez bought 4,125 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $74,250.00. Following the transaction, the insider now directly owns 4,125 shares of the company's stock, valued at $74,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 11.66% of the company's stock.

MVB Financial Price Performance

NASDAQ:MVBF opened at $20.52 on Tuesday. The stock's 50-day simple moving average is $18.14 and its 200 day simple moving average is $18.85. MVB Financial Corp. has a 52-week low of $15.59 and a 52-week high of $25.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $266.66 million, a P/E ratio of 13.41 and a beta of 0.96.

MVB Financial (NASDAQ:MVBF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The business had revenue of $33.68 million during the quarter, compared to analysts' expectations of $34.48 million. As a group, sell-side analysts forecast that MVB Financial Corp. will post 1.4 EPS for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were paid a $0.17 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.68 annualized dividend and a yield of 3.31%. MVB Financial's dividend payout ratio is 46.58%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MVBF shares. Keefe, Bruyette & Woods reduced their price target on shares of MVB Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Raymond James reduced their price target on MVB Financial from $24.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd.

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.

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