Bridgeway Capital Management LLC Grows Stock 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 grew its holdings in shares of Mvb Financial Corp. (NASDAQ:MVBF - Free Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 163,744 shares of the company's stock after purchasing an additional 13,565 shares during the period. Bridgeway Capital Management LLC owned approximately 1.26% of Mvb Financial worth $2,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MVBF. Hsbc Holdings PLC grew its stake in shares of Mvb Financial by 42.4% in the first quarter. Hsbc Holdings PLC now owns 24,257 shares of the company's stock worth $420,000 after acquiring an additional 7,219 shares during the last quarter. American Century Companies Inc. boosted its stake in Mvb Financial by 13.7% in the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company's stock worth $1,929,000 after purchasing an additional 13,418 shares in the last quarter. Nuveen LLC purchased a new stake in Mvb Financial during the 1st quarter valued at about $815,000. Sippican Capital Advisors increased its stake in Mvb Financial by 24.0% during the 1st quarter. Sippican Capital Advisors now owns 38,175 shares of the company's stock valued at $661,000 after purchasing an additional 7,390 shares in the last quarter. Finally, AA Financial Advisors LLC bought a new stake in Mvb Financial during the 1st quarter valued at about $1,299,000. Institutional investors own 52.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Mvb Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Hovde Group reduced their target price on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $25.00 price target (up from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Mvb Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $25.67.

Mvb Financial Stock Performance

Shares of NASDAQ:MVBF traded down $0.22 during midday trading on Friday, hitting $23.95. The company had a trading volume of 15,883 shares, compared to its average volume of 33,786. Mvb Financial Corp. has a 12-month low of $15.59 and a 12-month high of $25.13. The company has a fifty day moving average of $23.60 and a two-hundred day moving average of $20.22. The company has a market cap of $304.88 million, a price-to-earnings ratio of 18.42 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.16). The company had revenue of $33.72 million for the quarter, compared to the consensus estimate of $35.80 million. Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. On average, equities research analysts expect that Mvb Financial Corp. will post 1.4 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 29th. Mvb Financial's dividend payout ratio is currently 52.31%.

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.