Bridgeway Capital Management LLC Boosts Holdings in Mvb Financial Corp. $MVBF

Key Points

• Bridgeway Capital Management LLC increased its stake in Mvb Financial Corp. by 9.0%, owning approximately 1.26% of the company after acquiring an additional 13,565 shares.
• Mvb Financial's stock is currently down 0.8%, with a reported EPS of $0.15 for the last quarter, missing analysts' expectations by $0.16.
• The company declared a quarterly dividend of $0.17 per share, representing an annualized yield of 2.8% with a payout ratio of 52.31%.

Bridgeway Capital Management LLC boosted its position in Mvb Financial Corp. (NASDAQ:MVBF - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,744 shares of the company's stock after acquiring an additional 13,565 shares during the quarter. Bridgeway Capital Management LLC owned 1.26% of Mvb Financial worth $2,836,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Mvb Financial by 6,989.3% in the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock valued at $92,000 after acquiring an additional 5,242 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Mvb Financial by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock worth $180,000 after purchasing an additional 1,467 shares in the last quarter. Deutsche Bank AG acquired a new stake in Mvb Financial during the fourth quarter worth approximately $272,000. Two Sigma Advisers LP raised its holdings in Mvb Financial by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock worth $279,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Mvb Financial by 42.4% during the first quarter. Hsbc Holdings PLC now owns 24,257 shares of the company's stock worth $420,000 after purchasing an additional 7,219 shares in the last quarter. Institutional investors and hedge funds own 52.72% of the company's stock.

Mvb Financial Stock Performance

Shares of Mvb Financial stock traded up $0.14 during trading on Thursday, reaching $24.11. The company's stock had a trading volume of 5,557 shares, compared to its average volume of 42,858. The company has a 50-day moving average price of $23.58 and a two-hundred day moving average price of $20.15. The firm has a market cap of $306.86 million, a PE ratio of 18.54 and a beta of 1.01. Mvb Financial Corp. has a fifty-two week low of $15.59 and a fifty-two week high of $25.13. 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 (NASDAQ:MVBF - Get Free Report) last posted its quarterly earnings data 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). Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. The firm had revenue of $33.72 million during the quarter, compared to analysts' expectations of $35.80 million. On average, analysts forecast that Mvb Financial Corp. will post 1.4 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a $0.17 dividend. 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 52.31%.

Analysts Set New Price Targets

MVBF has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Hovde Group cut their price objective on shares of Mvb Financial from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating and set a $25.00 price objective (up previously from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $25.67.

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.