MVB Financial Corp. (NASDAQ:MVBF - Get Free Report) 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website.
MVB Financial Stock Performance
NASDAQ:MVBF traded up $0.57 during mid-day trading on Monday, hitting $18.51. The stock had a trading volume of 23,304 shares, compared to its average volume of 29,424. MVB Financial Corp. has a 52 week low of $15.59 and a 52 week high of $25.24. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $239.70 million, a price-to-earnings ratio of 12.10 and a beta of 0.92. The company has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $19.16.
MVB Financial (NASDAQ:MVBF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $33.68 million during the quarter, compared to analyst estimates 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 expect that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.
MVB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, February 28th. MVB Financial's payout ratio is currently 46.58%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on MVBF shares. Keefe, Bruyette & Woods lowered their price objective on shares of MVB Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Raymond James dropped their price target 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.
Read Our Latest Stock Analysis on MVB Financial
Hedge Funds Weigh In On MVB Financial
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of 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. SG Americas Securities LLC acquired a new stake in MVB Financial in the fourth quarter worth approximately $111,000. Wells Fargo & Company MN boosted its stake in MVB Financial by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock valued at $180,000 after purchasing an additional 1,467 shares in the last quarter. Empowered Funds LLC increased its position in shares of MVB Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock valued at $269,000 after purchasing an additional 625 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of MVB Financial in the 4th quarter worth $272,000. Institutional investors own 52.72% of the company's stock.
MVB Financial Company Profile
(
Get Free Report)
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.
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