MVB Financial Corp. (NASDAQ:MVBF) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in MVB Financial Corp. (NASDAQ:MVBF - Free Report) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,161,649 shares of the company's stock after selling 110,395 shares during the period. Wellington Management Group LLP owned approximately 8.97% of MVB Financial worth $24,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP increased its holdings in MVB Financial by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock valued at $279,000 after buying an additional 1,400 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of MVB Financial by 47.4% during the 4th quarter. Two Sigma Investments LP now owns 22,409 shares of the company's stock worth $464,000 after acquiring an additional 7,211 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of MVB Financial in the 4th quarter worth approximately $272,000. Bank of America Corp DE increased its stake in MVB Financial by 85.2% in the 4th quarter. Bank of America Corp DE now owns 27,652 shares of the company's stock valued at $572,000 after purchasing an additional 12,723 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in MVB Financial by 3.6% during the fourth quarter. Northern Trust Corp now owns 99,258 shares of the company's stock worth $2,055,000 after purchasing an additional 3,409 shares during the last quarter. Institutional investors and hedge funds own 52.72% of the company's stock.

Insider Buying and Selling at MVB Financial

In other news, CEO Larry F. Mazza sold 6,962 shares of MVB Financial stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $17.49, for a total value of $121,765.38. Following the completion of the sale, the chief executive officer now owns 626,358 shares of the company's stock, valued at $10,955,001.42. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Ryan Rodriguez bought 4,125 shares of MVB Financial stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $74,250.00. Following the completion of the transaction, the insider now directly owns 4,125 shares of the company's stock, valued at $74,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 12,650 shares of company stock worth $225,367. Corporate insiders own 11.66% of the company's stock.

MVB Financial Price Performance

MVBF stock traded down $0.27 on Wednesday, reaching $19.21. The company had a trading volume of 25,633 shares, compared to its average volume of 30,882. The company's fifty day moving average is $17.60 and its 200 day moving average is $18.97. The company has a market cap of $249.63 million, a P/E ratio of 12.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. MVB Financial Corp. has a 1 year low of $15.59 and a 1 year 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 analysts' consensus estimates of $0.21 by $0.06. The company had revenue of $33.68 million during the quarter, compared to analysts' expectations of $34.48 million. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. On average, research analysts forecast that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, May 30th. MVB Financial's payout ratio is 46.58%.

Analyst Ratings Changes

Several research firms have recently issued reports on MVBF. Keefe, Bruyette & Woods cut their price target on MVB Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Raymond James dropped their target price on shares of MVB Financial from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd.

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.