MVB Financial Corp. (NASDAQ:MVBF) Insider Joseph Ryan Rodriguez Purchases 4,125 Shares

MVB Financial Corp. (NASDAQ:MVBF - Get Free Report) insider Joseph Ryan Rodriguez acquired 4,125 shares of the stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $18.00 per share, with a total value of $74,250.00. Following the purchase, the insider now owns 4,125 shares in the company, valued at $74,250. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joseph Ryan Rodriguez also recently made the following trade(s):

• On Monday, May 12th, Joseph Ryan Rodriguez bought 1,125 shares of MVB Financial stock. The shares were purchased at an average cost of $19.15 per share, for a total transaction of $21,543.75.

MVB Financial Trading Down 1.4%

MVBF traded down $0.26 during trading on Friday, reaching $18.37. The company had a trading volume of 25,747 shares, compared to its average volume of 29,597. The firm's 50-day simple moving average is $17.11 and its 200 day simple moving average is $19.11. The company has a market cap of $238.72 million, a price-to-earnings ratio of 12.01 and a beta of 0.92. MVB Financial Corp. has a 12-month low of $15.59 and a 12-month high of $25.24. 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 (NASDAQ:MVBF - Get Free Report) last issued 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 firm had revenue of $33.68 million for 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%. Equities research analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

MVBF has been the topic of a number of recent research reports. 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 note on Monday, March 3rd. 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 note on Wednesday, April 2nd.

Hedge Funds Weigh In On MVB Financial

A number of institutional investors have recently bought and sold shares of MVBF. Empowered Funds LLC grew its stake in MVB Financial by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company's stock valued at $245,000 after acquiring an additional 1,165 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in MVB Financial by 5.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,462 shares of the company's stock valued at $1,082,000 after acquiring an additional 3,213 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in MVB Financial by 9.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company's stock valued at $2,836,000 after acquiring an additional 13,565 shares in the last quarter. Hsbc Holdings PLC grew its stake in MVB Financial by 42.4% during the 1st quarter. Hsbc Holdings PLC now owns 24,257 shares of the company's stock valued at $420,000 after acquiring an additional 7,219 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in MVB Financial by 13.7% during the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company's stock valued at $1,929,000 after acquiring an additional 13,418 shares in the last quarter. Hedge funds and other institutional investors own 52.72% of the company's stock.

About MVB Financial

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.