SG Americas Securities LLC Acquires Shares of 3,629 MVB Financial Corp. (NASDAQ:MVBF)

SG Americas Securities LLC bought a new position in shares of MVB Financial Corp. (NASDAQ:MVBFGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,629 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors have also recently made changes to their positions in the company. JCSD Capital LLC lifted its position in shares of MVB Financial by 35.5% during the first quarter. JCSD Capital LLC now owns 88,817 shares of the company’s stock worth $3,686,000 after acquiring an additional 23,249 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its position in shares of MVB Financial by 3.9% during the first quarter. Endeavour Capital Advisors Inc. now owns 340,781 shares of the company’s stock worth $14,142,000 after acquiring an additional 12,801 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MVB Financial by 38.2% during the first quarter. Wellington Management Group LLP now owns 703,421 shares of the company’s stock worth $29,191,000 after acquiring an additional 194,459 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of MVB Financial by 2.5% during the first quarter. Vanguard Group Inc. now owns 486,728 shares of the company’s stock worth $20,200,000 after acquiring an additional 11,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of MVB Financial by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 182,496 shares of the company’s stock worth $7,573,000 after acquiring an additional 11,367 shares in the last quarter. Hedge funds and other institutional investors own 47.38% of the company’s stock.

MVB Financial Stock Up 1.0 %

MVBF opened at $24.24 on Wednesday. The stock has a market cap of $305.67 million, a PE ratio of 16.95 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.60. MVB Financial Corp. has a 52 week low of $23.80 and a 52 week high of $44.22. The business’s fifty day simple moving average is $27.40 and its 200 day simple moving average is $31.79.

MVB Financial (NASDAQ:MVBFGet Rating) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.27). MVB Financial had a net margin of 11.95% and a return on equity of 7.14%. As a group, research analysts expect that MVB Financial Corp. will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MVBF shares. TheStreet downgraded MVB Financial from a “b-” rating to a “c+” rating in a research report on Thursday, October 6th. Hovde Group reduced their target price on MVB Financial to $43.00 in a research note on Monday, August 15th. Finally, Piper Sandler reduced their target price on MVB Financial to $30.50 in a research note on Thursday, September 29th.

Insider Activity

In other news, President Donald T. Robinson sold 13,889 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $31.16, for a total transaction of $432,781.24. Following the transaction, the president now directly owns 37,790 shares of the company’s stock, valued at $1,177,536.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.63% of the company’s stock.

About MVB Financial

(Get Rating)

MVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally. The company operates through three segments: CoRe Banking, Mortgage Banking, and 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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Institutional Ownership by Quarter for MVB Financial (NASDAQ:MVBF)

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