American Century Companies Inc. Acquires 13,418 Shares of Mvb Financial Corp. $MVBF

American Century Companies Inc. lifted its stake in shares of Mvb Financial Corp. (NASDAQ:MVBF - Free Report) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,369 shares of the company's stock after purchasing an additional 13,418 shares during the quarter. American Century Companies Inc. owned 0.86% of Mvb Financial worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MVBF. Wells Fargo & Company MN grew its holdings in Mvb Financial by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock worth $180,000 after acquiring an additional 1,467 shares during the last quarter. Barclays PLC raised its holdings in Mvb Financial by 21.0% during the fourth quarter. Barclays PLC now owns 29,571 shares of the company's stock worth $613,000 after buying an additional 5,135 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Mvb Financial by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company's stock worth $8,052,000 after buying an additional 20,992 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Mvb Financial during the fourth quarter worth $348,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Mvb Financial by 16.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,486 shares of the company's stock worth $632,000 after buying an additional 4,255 shares during the last quarter. 52.72% of the stock is owned by institutional investors.

Mvb Financial Price Performance

Shares of Mvb Financial stock traded up $0.24 on Thursday, reaching $24.23. The stock had a trading volume of 25,531 shares, compared to its average volume of 43,497. The business's 50 day moving average is $23.44 and its two-hundred day moving average is $20.00. The company has a market cap of $308.47 million, a P/E ratio of 18.64 and a beta of 1.01. 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 Corp. has a 1 year low of $15.59 and a 1 year high of $25.13.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced 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 company had revenue of $33.72 million during the quarter, compared to analysts' expectations of $35.80 million. Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. As a group, research analysts anticipate that Mvb Financial Corp. will post 1.4 EPS for the current year.

Mvb Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, August 29th. Mvb Financial's dividend payout ratio (DPR) is presently 52.31%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MVBF shares. Keefe, Bruyette & Woods upped their target price on shares of Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Raymond James Financial reiterated an "outperform" rating and issued a $25.00 target price (up previously from $20.00) on shares of Mvb Financial in a research note on Tuesday, July 8th. Hovde Group reduced their target price 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, Wall Street Zen lowered shares of Mvb Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average 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.