Deutsche Bank AG Takes Position in MVB Financial Corp. (NASDAQ:MVBF)

Deutsche Bank AG acquired a new position in shares of MVB Financial Corp. (NASDAQ:MVBF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,116 shares of the company's stock, valued at approximately $272,000. Deutsche Bank AG owned 0.10% of MVB Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MVBF. SG Americas Securities LLC bought a new position in MVB Financial during the 4th quarter valued at about $111,000. Wells Fargo & Company MN increased its stake in MVB Financial by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock valued at $180,000 after buying an additional 1,467 shares during the last quarter. Empowered Funds LLC increased its stake in MVB Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock valued at $269,000 after buying an additional 625 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of MVB Financial in the 4th quarter valued at about $311,000. Finally, Fourthstone LLC acquired a new position in MVB Financial in the 4th quarter valued at about $343,000. 52.72% of the stock is owned by institutional investors.

Insider Buying and Selling at MVB Financial

In other MVB Financial news, insider Joseph Ryan Rodriguez purchased 4,125 shares of the stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $18.00 per share, with a total value of $74,250.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Louis Giorgio purchased 5,700 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $17.60 per share, for a total transaction of $100,320.00. Following the transaction, the insider now owns 7,504 shares of the company's stock, valued at approximately $132,070.40. This trade represents a 315.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,650 shares of company stock worth $225,367 over the last three months. 11.66% of the stock is currently owned by insiders.

MVB Financial Stock Down 0.8%

MVBF traded down $0.16 during midday trading on Thursday, hitting $19.05. The company had a trading volume of 31,206 shares, compared to its average volume of 30,959. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $17.63 and its 200 day moving average price is $18.96. The company has a market capitalization of $247.55 million, a price-to-earnings ratio of 12.45 and a beta of 0.96. 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 released its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $34.48 million. On average, research analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

MVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, May 30th. MVB Financial's payout ratio is 46.58%.

Wall Street Analyst Weigh In

Several analysts recently issued reports 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 on the stock in a research report on Monday, March 3rd. Raymond James dropped their price target on shares of 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.