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

MVB Financial Corp. (NASDAQ:MVBF) CFO Donald T. Robinson acquired 1,450 shares of the stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $17.23 per share, with a total value of $24,983.50. Following the completion of the purchase, the chief financial officer now directly owns 62,758 shares in the company, valued at approximately $1,081,320.34. The trade was a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

MVB Financial Price Performance

Shares of MVBF stock opened at $17.79 on Thursday. MVB Financial Corp. has a 52-week low of $16.81 and a 52-week high of $25.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $230.22 million, a P/E ratio of 11.63 and a beta of 1.03. The stock has a 50 day moving average price of $18.95 and a 200 day moving average price of $19.92.

MVB Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $46.18 million during the quarter, compared to analyst estimates of $33.60 million. As a group, sell-side analysts predict that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Dividend Announcement

The firm also recently declared 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 dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, February 28th. MVB Financial’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On MVB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its position in MVB Financial by 4.5% during the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after purchasing an additional 536 shares in the last quarter. Two Sigma Advisers LP raised its position in MVB Financial by 11.6% during the 4th quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock valued at $279,000 after purchasing an additional 1,400 shares in the last quarter. Wells Fargo & Company MN raised its position 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. Northern Trust Corp raised its position in MVB Financial by 3.6% during the 4th quarter. Northern Trust Corp now owns 99,258 shares of the company’s stock valued at $2,055,000 after purchasing an additional 3,409 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in MVB Financial by 8.4% during the 4th quarter. Prudential Financial Inc. now owns 54,315 shares of the company’s stock valued at $1,124,000 after purchasing an additional 4,200 shares in the last quarter. 52.72% of the stock is owned by institutional investors.

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.