Donald T. Robinson Purchases 1,450 Shares of MVB Financial Corp. (NASDAQ:MVBF) Stock

MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson purchased 1,450 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $17.23 per share, with a total value of $24,983.50. Following the completion of the acquisition, the chief financial officer now directly owns 62,758 shares of the company’s stock, valued at $1,081,320.34. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MVB Financial Price Performance

Shares of NASDAQ MVBF opened at $17.52 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. MVB Financial Corp. has a twelve month low of $16.81 and a twelve month high of $25.24. The stock has a 50 day moving average of $18.93 and a two-hundred day moving average of $19.90. The stock has a market cap of $226.87 million, a P/E ratio of 11.45 and a beta of 1.03.

MVB Financial (NASDAQ:MVBF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.39. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The company had revenue of $46.18 million during the quarter, compared to analysts’ expectations of $33.60 million. On average, research analysts forecast that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, February 28th. MVB Financial’s dividend payout ratio is currently 44.44%.

Institutional Investors Weigh In On MVB Financial

Several large investors have recently modified their holdings of MVBF. SG Americas Securities LLC purchased a new stake in shares of MVB Financial during the fourth quarter worth approximately $111,000. Wells Fargo & Company MN raised its stake in shares of MVB Financial by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock worth $180,000 after purchasing an additional 1,467 shares during the last quarter. Empowered Funds LLC raised its stake in shares of MVB Financial by 4.5% during the third quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after purchasing an additional 536 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of MVB Financial during the third quarter worth approximately $242,000. Finally, Deutsche Bank AG purchased a new stake in shares of MVB Financial during the fourth quarter worth approximately $272,000. Hedge funds and other institutional investors own 52.72% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price target on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

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.