TimesSquare Capital Management LLC Has $13.90 Million Stock Holdings in MVB Financial Corp. (NASDAQ:MVBF)

TimesSquare Capital Management LLC lifted its holdings in MVB Financial Corp. (NASDAQ:MVBF - Free Report) by 16.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 615,935 shares of the company's stock after purchasing an additional 88,975 shares during the period. TimesSquare Capital Management LLC owned approximately 4.83% of MVB Financial worth $13,895,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of MVB Financial by 4.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,304,617 shares of the company's stock valued at $29,458,000 after buying an additional 51,342 shares during the period. Bank of New York Mellon Corp grew its holdings in MVB Financial by 4.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 84,867 shares of the company's stock worth $1,916,000 after acquiring an additional 3,261 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of MVB Financial in the 4th quarter valued at approximately $736,000. Cerity Partners LLC raised its holdings in shares of MVB Financial by 11.7% in the 4th quarter. Cerity Partners LLC now owns 31,216 shares of the company's stock valued at $704,000 after purchasing an additional 3,282 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of MVB Financial by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 5,957 shares of the company's stock worth $134,000 after purchasing an additional 1,151 shares during the last quarter. 52.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MVBF. Keefe, Bruyette & Woods cut their price target on MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. Hovde Group decreased their target price on MVB Financial from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of MVB Financial from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MVB Financial currently has an average rating of "Buy" and a consensus target price of $25.75.

MVB Financial Stock Performance

Shares of MVBF traded down $0.22 during midday trading on Friday, reaching $18.64. 6,921 shares of the stock were exchanged, compared to its average volume of 28,265. The company has a market capitalization of $239.34 million, a price-to-earnings ratio of 10.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94. MVB Financial Corp. has a twelve month low of $16.50 and a twelve month high of $27.23. The business's 50-day moving average price is $20.39 and its 200 day moving average price is $21.04.

MVB Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The business had revenue of $57.86 million during the quarter, compared to analysts' expectations of $37.47 million. MVB Financial had a net margin of 11.10% and a return on equity of 8.76%. On average, sell-side analysts expect that MVB Financial Corp. will post 1.64 EPS for the current fiscal year.

MVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.68 dividend on an annualized basis and a yield of 3.65%. MVB Financial's dividend payout ratio (DPR) is 36.36%.

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.