Deutsche Bank AG Buys Shares of 13,116 MVB Financial Corp. (NASDAQ:MVBF)

Deutsche Bank AG bought a new stake in shares of MVB Financial Corp. (NASDAQ:MVBF - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,116 shares of the company's stock, valued at approximately $272,000. Deutsche Bank AG owned about 0.10% of MVB Financial as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Banco Santander S.A. purchased a new position in shares of MVB Financial during the 4th quarter worth $7,558,000. TimesSquare Capital Management LLC lifted its stake in shares of MVB Financial by 19.3% during the 4th 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 purchased a new position in shares of MVB Financial during the 4th quarter worth $769,000. Dimensional Fund Advisors LP lifted its stake 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 worth $8,052,000 after purchasing an additional 20,992 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 worth $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.

Analyst Upgrades and Downgrades

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

Insider Activity

In other MVB Financial news, insider Michael Louis Giorgio bought 5,700 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $17.60 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the insider now directly owns 7,504 shares of the company's stock, valued at approximately $132,070.40. The trade was a 315.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Ryan Rodriguez purchased 4,125 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $18.00 per share, with a total value of $74,250.00. Following the completion of the purchase, the insider now directly owns 4,125 shares of the company's stock, valued at approximately $74,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 12,650 shares of company stock worth $225,367 over the last ninety days. Corporate insiders own 11.66% of the company's stock.

MVB Financial Stock Down 1.0%

NASDAQ MVBF traded down $0.20 during trading hours on Thursday, hitting $19.01. The company had a trading volume of 3,661 shares, compared to its average volume of 30,775. MVB Financial Corp. has a fifty-two week low of $15.59 and a fifty-two week high of $25.24. The company has a market capitalization of $247.03 million, a price-to-earnings ratio of 12.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50 day moving average is $17.60 and its 200 day moving average is $18.97.

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

MVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.58%. MVB Financial's dividend payout ratio is presently 46.58%.

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.