SG Americas Securities LLC Boosts Stake in MVB Financial Corp. (NASDAQ:MVBF)

SG Americas Securities LLC raised its stake in shares of MVB Financial Corp. (NASDAQ:MVBF) by 23.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,957 shares of the company’s stock after purchasing an additional 1,151 shares during the period. SG Americas Securities LLC’s holdings in MVB Financial were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of MVB Financial by 4.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,304,617 shares of the company’s stock valued at $29,458,000 after acquiring an additional 51,342 shares during the period. BlackRock Inc. increased its stake in shares of MVB Financial by 33.0% in the second quarter. BlackRock Inc. now owns 882,805 shares of the company’s stock worth $18,610,000 after purchasing an additional 218,995 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MVB Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 506,259 shares of the company’s stock valued at $14,090,000 after purchasing an additional 1,463 shares during the period. Endeavour Capital Advisors Inc. lifted its stake in shares of MVB Financial by 28.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 450,071 shares of the company’s stock valued at $9,911,000 after buying an additional 99,176 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in MVB Financial by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 251,671 shares of the company’s stock worth $5,305,000 after buying an additional 7,015 shares during the period. Hedge funds and other institutional investors own 52.72% of the company’s stock.

Analyst Upgrades and Downgrades

MVBF has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on MVB Financial from $30.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Keefe, Bruyette & Woods lowered their price target on MVB Financial from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, March 1st.

MVB Financial Stock Down 0.8 %

MVBF opened at $19.88 on Thursday. MVB Financial Corp. has a 52 week low of $16.26 and a 52 week high of $27.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $21.24 and a two-hundred day simple moving average of $21.38. The company has a market capitalization of $255.28 million, a PE ratio of 8.28 and a beta of 1.00.

MVB Financial (NASDAQ:MVBF) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.25. MVB Financial had a return on equity of 8.12% and a net margin of 14.91%. The company had revenue of $35.55 million during the quarter, compared to analyst estimates of $38.05 million. Analysts forecast that MVB Financial Corp. will post 1.81 earnings per share for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, February 29th. MVB Financial’s dividend payout ratio (DPR) is presently 28.33%.

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.