TimesSquare Capital Management LLC Has $19.13 Million Stock Holdings in MVB Financial Corp. (NASDAQ:MVBF)

TimesSquare Capital Management LLC lifted its holdings in MVB Financial Corp. (NASDAQ:MVBF) by 19.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 924,053 shares of the company’s stock after buying an additional 149,464 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.07% of MVB Financial worth $19,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MVBF. JPMorgan Chase & Co. boosted its position in MVB Financial by 30.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 45,926 shares of the company’s stock worth $889,000 after acquiring an additional 10,649 shares during the last quarter. Geode Capital Management LLC boosted its position in MVB Financial by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company’s stock worth $5,136,000 after acquiring an additional 6,002 shares during the last quarter. Barclays PLC boosted its position in MVB Financial by 99.5% during the 3rd quarter. Barclays PLC now owns 24,436 shares of the company’s stock worth $474,000 after acquiring an additional 12,190 shares during the last quarter. State Street Corp boosted its position in MVB Financial by 2.9% during the 3rd quarter. State Street Corp now owns 225,727 shares of the company’s stock worth $4,370,000 after acquiring an additional 6,274 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in MVB Financial during the 4th quarter worth approximately $111,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

MVB Financial Trading Down 3.3 %

NASDAQ MVBF opened at $19.48 on Thursday. The company has a market cap of $252.07 million, a PE ratio of 12.73 and a beta of 1.04. 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 12 month low of $17.51 and a 12 month high of $25.24. The stock has a 50 day moving average of $19.99 and a 200-day moving average of $20.29.

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

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.