MVB Financial Corp. (NASDAQ:MVBF) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in MVB Financial Corp. (NASDAQ:MVBF - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,990 shares of the company's stock after purchasing an additional 20,992 shares during the quarter. Dimensional Fund Advisors LP owned 3.01% of MVB Financial worth $8,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of MVB Financial in the fourth quarter valued at 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 acquiring an additional 1,467 shares during the last quarter. Empowered Funds LLC boosted its stake in MVB Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock valued at $269,000 after acquiring an additional 625 shares during the period. Trexquant Investment LP acquired a new position in MVB Financial in the fourth quarter valued at approximately $311,000. Finally, Fourthstone LLC bought a new stake in MVB Financial in the fourth quarter valued at $343,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MVB Financial news, insider Michael Louis Giorgio bought 5,700 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $17.60 per share, with a total value of $100,320.00. Following the completion of the purchase, the insider now owns 7,504 shares in the company, valued at $132,070.40. This represents a 315.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, 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 stock was purchased at an average price of $18.00 per share, with a total value of $74,250.00. Following the purchase, the insider now directly owns 4,125 shares in the company, valued at $74,250. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,650 shares of company stock valued at $225,367. 11.66% of the stock is owned by company insiders.

MVB Financial Stock Down 1.6%

Shares of MVBF stock traded down $0.30 during trading on Thursday, reaching $18.21. The company's stock had a trading volume of 5,598 shares, compared to its average volume of 29,356. MVB Financial Corp. has a one year low of $15.59 and a one year high of $25.24. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $17.05 and a 200-day moving average price of $19.15. The company has a market cap of $236.57 million, a price-to-earnings ratio of 11.90 and a beta of 0.92.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The business had revenue of $33.68 million for the quarter, compared to analyst estimates of $34.48 million. Analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, February 28th. MVB Financial's dividend payout ratio is presently 46.58%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MVBF. Raymond James dropped their price objective 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. Keefe, Bruyette & Woods dropped their target price on MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd.

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.