SG Americas Securities LLC Raises Stock Position in MVB Financial Corp. (NASDAQ:MVBF)

SG Americas Securities LLC raised its stake in shares of MVB Financial Corp. (NASDAQ:MVBF) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in MVB Financial by 122.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,039 shares of the company’s stock valued at $57,000 after buying an additional 1,122 shares in the last quarter. Barclays PLC lifted its position in shares of MVB Financial by 533.6% in the fourth quarter. Barclays PLC now owns 2,750 shares of the company’s stock valued at $60,000 after acquiring an additional 2,316 shares in the last quarter. UBS Group AG acquired a new stake in shares of MVB Financial in the fourth quarter worth approximately $62,000. Citigroup Inc. increased its position in shares of MVB Financial by 338,100.0% during the second quarter. Citigroup Inc. now owns 3,382 shares of the company’s stock worth $71,000 after purchasing an additional 3,381 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in MVB Financial in the 3rd quarter valued at $87,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

MVB Financial Price Performance

NASDAQ:MVBF opened at $19.88 on Thursday. The stock has a 50 day moving average price of $21.24 and a 200 day moving average price of $21.38. The stock has a market cap of $255.28 million, a PE ratio of 8.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. MVB Financial Corp. has a one year low of $16.26 and a one year high of $27.23.

MVB Financial (NASDAQ:MVBF) last issued its earnings results on Wednesday, February 14th. The company reported $0.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $35.55 million during the quarter, compared to the consensus estimate of $38.05 million. Equities research analysts expect that MVB Financial Corp. will post 1.81 EPS for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently disclosed 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 yield of 3.42%. The ex-dividend date of this dividend was Thursday, February 29th. MVB Financial’s dividend payout ratio is presently 28.33%.

Analysts Set New Price Targets

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

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.