47,050 Shares in Mvb Financial Corp. $MVBF Purchased by Nuveen LLC

Nuveen LLC purchased a new stake in Mvb Financial Corp. (NASDAQ:MVBF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,050 shares of the company’s stock, valued at approximately $815,000. Nuveen LLC owned 0.36% of Mvb Financial at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock worth $92,000 after buying an additional 5,242 shares during the period. Wells Fargo & Company MN increased its position in shares of Mvb Financial by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock worth $180,000 after purchasing an additional 1,467 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Mvb Financial during the fourth quarter worth approximately $272,000. Two Sigma Advisers LP increased its position in shares of Mvb Financial by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock worth $279,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Mvb Financial during the fourth quarter worth approximately $348,000. 52.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MVBF. Raymond James Financial restated an “outperform” rating and issued a $25.00 target price (up from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Hovde Group dropped their target price on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Wall Street Zen cut Mvb Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Mvb Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Mvb Financial currently has an average rating of “Buy” and an average price target of $25.67.

Mvb Financial Trading Down 1.6%

MVBF opened at $24.00 on Wednesday. Mvb Financial Corp. has a one year low of $15.59 and a one year high of $25.13. The company has a market cap of $305.52 million, a P/E ratio of 18.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50-day simple moving average is $23.39 and its 200-day simple moving average is $19.97.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Monday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.16). Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. The company had revenue of $33.72 million during the quarter, compared to analysts’ expectations of $35.80 million. As a group, equities research analysts expect that Mvb Financial Corp. will post 1.4 EPS for the current fiscal year.

Mvb Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 2.8%. Mvb Financial’s payout ratio is currently 52.31%.

About Mvb Financial

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.