MVB Financial Corp. (NASDAQ:MVBF) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of MVB Financial Corp. (NASDAQ:MVBF) by 99.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,436 shares of the company’s stock after buying an additional 12,190 shares during the period. Barclays PLC’s holdings in MVB Financial were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of MVB Financial by 20.0% during the second quarter. Acadian Asset Management LLC now owns 9,764 shares of the company’s stock worth $181,000 after acquiring an additional 1,629 shares during the last quarter. Empowered Funds LLC grew 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 worth $239,000 after purchasing an additional 536 shares during the last quarter. Natixis Advisors LLC acquired a new position in MVB Financial during the 3rd quarter valued at approximately $242,000. Squarepoint Ops LLC increased its stake in MVB Financial by 75.2% during the 2nd quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock valued at $312,000 after purchasing an additional 7,191 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of MVB Financial by 3.2% in the second quarter. Rhumbline Advisers now owns 17,888 shares of the company’s stock worth $333,000 after buying an additional 549 shares during the last quarter. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

MVB Financial Trading Down 3.0 %

MVB Financial stock opened at $20.07 on Friday. The stock has a 50-day moving average price of $21.08 and a 200 day moving average price of $20.51. The company has a market capitalization of $259.73 million, a price-to-earnings ratio of 14.13 and a beta of 1.08. MVB Financial Corp. has a 52 week low of $17.51 and a 52 week high of $25.24. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.19). The business had revenue of $53.28 million for the quarter, compared to analyst estimates of $35.90 million. MVB Financial had a net margin of 8.49% and a return on equity of 6.29%. Sell-side analysts anticipate that MVB Financial Corp. will post 1.08 EPS for the current year.

MVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, November 29th. MVB Financial’s payout ratio is 47.89%.

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.