Insider Buying: MVB Financial Corp. (NASDAQ:MVBF) Insider Purchases $100,320.00 in Stock

MVB Financial Corp. (NASDAQ:MVBF) insider Michael Louis Giorgio purchased 5,700 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $17.60 per share, with a total value of $100,320.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MVB Financial Stock Performance

Shares of NASDAQ MVBF opened at $17.00 on Friday. The business’s 50-day simple moving average is $19.09 and its 200-day simple moving average is $20.00. 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 cap of $220.00 million, a price-to-earnings ratio of 11.11 and a beta of 1.03.

MVB Financial (NASDAQ:MVBF) last released 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. The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. As a group, equities research analysts expect that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.00%. 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 dropped their price target on shares of MVB Financial from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

Hedge Funds Weigh In On MVB Financial

A number of institutional investors have recently made changes to their positions in the business. Banco Santander S.A. bought a new position in MVB Financial in the 4th quarter worth approximately $7,558,000. TimesSquare Capital Management LLC grew 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 last quarter. Kennedy Capital Management LLC bought a new position in MVB Financial during the fourth quarter worth $769,000. Dimensional Fund Advisors LP raised its stake in MVB Financial by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company’s stock valued at $8,052,000 after purchasing an additional 20,992 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in MVB Financial in the 3rd quarter valued at $376,000. 52.72% of the stock is currently 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.