AA Financial Advisors LLC Takes $1.30 Million Position in Mvb Financial Corp. (NASDAQ:MVBF)

AA Financial Advisors LLC bought a new position in Mvb Financial Corp. (NASDAQ:MVBF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

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

Insider Buying and Selling at Mvb Financial

In other news, CEO Larry F. Mazza sold 6,962 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $17.49, for a total transaction of $121,765.38. Following the sale, the chief executive officer now owns 626,358 shares in the company, valued at $10,955,001.42. The trade was a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Ryan Rodriguez acquired 4,125 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $18.00 per share, with a total value of $74,250.00. Following the purchase, the insider now directly owns 4,125 shares in the company, valued at approximately $74,250. This trade represents 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

Shares of NASDAQ:MVBF traded down $0.13 during trading hours on Friday, hitting $20.46. 163,432 shares of the company's stock traded hands, compared to its average volume of 32,599. The company's fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $18.86. The company has a market cap of $265.78 million, a price-to-earnings ratio of 14.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92. Mvb Financial Corp. has a 52 week low of $15.59 and a 52 week high of $25.24.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Mvb Financial had a net margin of 8.68% and a return on equity of 6.31%. The firm had revenue of $33.68 million for the quarter, compared to analyst estimates of $34.48 million. As a group, equities analysts anticipate that Mvb Financial Corp. will post 1.4 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date was Friday, May 30th. This represents a $0.68 annualized dividend and a yield of 3.32%. Mvb Financial's payout ratio is presently 46.58%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MVBF. Keefe, Bruyette & Woods decreased their price objective 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 Financial decreased their price target on Mvb Financial from $24.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

Mvb Financial Company 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.