Sippican Capital Advisors increased its holdings in MVB Financial Corp. (NASDAQ:MVBF – Free Report) by 29.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,785 shares of the company’s stock after buying an additional 6,965 shares during the period. Sippican Capital Advisors’ holdings in MVB Financial were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of MVB Financial in the 4th quarter valued at approximately $111,000. Empowered Funds LLC increased its stake 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. Natixis Advisors LLC purchased a new position in shares of MVB Financial in the third quarter worth $242,000. Squarepoint Ops LLC lifted its stake in shares of MVB Financial by 75.2% during the second quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock worth $312,000 after buying an additional 7,191 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of MVB Financial by 19.0% during the third quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock valued at $373,000 after buying an additional 3,077 shares during the last quarter. Hedge funds and other institutional investors own 52.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods raised their target price on MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.
MVB Financial Stock Performance
MVBF opened at $19.79 on Thursday. The firm has a fifty day moving average price of $20.55 and a 200 day moving average price of $20.63. MVB Financial Corp. has a 1 year low of $17.51 and a 1 year high of $25.24. The stock has a market cap of $256.08 million, a P/E ratio of 13.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94.
MVB Financial (NASDAQ:MVBF – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The business had revenue of $53.28 million during the quarter, compared to analyst estimates of $35.90 million. Equities research analysts anticipate that MVB Financial Corp. will post 1.08 earnings per share for the current year.
MVB Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.44%. MVB Financial’s dividend payout ratio (DPR) is presently 47.89%.
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.
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