Natixis Advisors LLC Buys New Holdings in MVB Financial Corp. (NASDAQ:MVBF)

Natixis Advisors LLC bought a new stake in MVB Financial Corp. (NASDAQ:MVBF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,500 shares of the company’s stock, valued at approximately $242,000. Natixis Advisors LLC owned approximately 0.10% of MVB Financial at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in MVB Financial by 5.5% in the first quarter. Vanguard Group Inc. now owns 558,946 shares of the company’s stock valued at $12,470,000 after acquiring an additional 29,237 shares during the period. Dimensional Fund Advisors LP grew its position in MVB Financial by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 343,623 shares of the company’s stock valued at $6,405,000 after acquiring an additional 18,649 shares during the period. Bank of New York Mellon Corp grew its position in MVB Financial by 25.2% in the second quarter. Bank of New York Mellon Corp now owns 70,492 shares of the company’s stock valued at $1,314,000 after acquiring an additional 14,176 shares during the period. Inspire Investing LLC bought a new stake in MVB Financial in the third quarter valued at $772,000. Finally, Sippican Capital Advisors grew its position in MVB Financial by 11.4% in the third quarter. Sippican Capital Advisors now owns 23,820 shares of the company’s stock valued at $461,000 after acquiring an additional 2,440 shares during the period. 52.72% of the stock is currently owned by institutional investors and hedge funds.

MVB Financial Stock Performance

Shares of NASDAQ:MVBF opened at $21.58 on Friday. The business’s fifty day moving average price is $20.28 and its two-hundred day moving average price is $20.07. MVB Financial Corp. has a fifty-two week low of $17.51 and a fifty-two week high of $25.24. The stock has a market capitalization of $279.25 million, a price-to-earnings ratio of 15.20 and a beta of 1.05. 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) last announced its earnings results 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 the consensus estimate of $35.90 million. MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. As a group, analysts predict that MVB Financial Corp. will post 1.08 EPS for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, November 29th. MVB Financial’s payout ratio is presently 47.89%.

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.