Kennedy Capital Management LLC Takes Position in MVB Financial Corp. (NASDAQ:MVBF)

Kennedy Capital Management LLC bought a new position in MVB Financial Corp. (NASDAQ:MVBF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,154 shares of the company's stock, valued at approximately $769,000. Kennedy Capital Management LLC owned approximately 0.29% of MVB Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC boosted its stake in shares of MVB Financial by 19.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 924,053 shares of the company's stock worth $19,128,000 after acquiring an additional 149,464 shares during the period. Banco Santander S.A. bought a new position in MVB Financial in the 4th quarter worth approximately $7,558,000. Geode Capital Management LLC grew its holdings in MVB Financial by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company's stock valued at $5,136,000 after buying an additional 6,002 shares in the last quarter. State Street Corp raised its position in shares of MVB Financial by 2.9% during the third quarter. State Street Corp now owns 225,727 shares of the company's stock valued at $4,370,000 after buying an additional 6,274 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of MVB Financial by 29.8% during the fourth quarter. Bank of New York Mellon Corp now owns 81,969 shares of the company's stock valued at $1,697,000 after buying an additional 18,825 shares during the last quarter. Institutional investors own 52.72% of the company's stock.

Insiders Place Their Bets

In other MVB Financial news, insider Michael Louis Giorgio bought 5,700 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $17.60 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the insider now directly owns 7,504 shares of the company's stock, valued at approximately $132,070.40. This represents a 315.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 7,400 shares of company stock valued at $129,574 over the last three months. 11.10% of the stock is owned by company insiders.

MVB Financial Price Performance

MVB Financial stock traded up $0.12 during mid-day trading on Friday, reaching $15.84. 24,936 shares of the company's stock traded hands, compared to its average volume of 29,114. MVB Financial Corp. has a 12-month low of $15.59 and a 12-month high of $25.24. The company has a market cap of $205.13 million, a price-to-earnings ratio of 10.35 and a beta of 0.89. The stock has a 50 day moving average of $17.60 and a two-hundred day moving average of $19.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.39. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The firm had revenue of $46.18 million during the quarter, compared to the consensus estimate of $33.60 million. Equities analysts forecast that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 4.29%. MVB Financial's dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

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

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.