Mvb Financial (NASDAQ:MVBF) Stock Price Down 0.4% – Time to Sell?

Mvb Financial Corp. (NASDAQ:MVBF) fell 0.4% during trading on Monday . The stock traded as low as $27.82 and last traded at $28.05. 58,499 shares were traded during trading, an increase of 35% from the average session volume of 43,173 shares. The stock had previously closed at $28.15.

Analyst Ratings Changes

MVBF has been the subject of several recent analyst reports. Wall Street Zen cut shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Hovde Group raised their price target on shares of Mvb Financial from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods increased their price objective on Mvb Financial from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Mvb Financial presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Mvb Financial Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $352.87 million, a price-to-earnings ratio of 11.40 and a beta of 0.94. The firm’s fifty day moving average price is $26.82 and its 200 day moving average price is $25.45.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, December 1st. Mvb Financial’s payout ratio is currently 27.64%.

Insider Transactions at Mvb Financial

In other news, CFO Michael Robert Sumbs bought 2,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the acquisition, the chief financial officer directly owned 2,000 shares of the company’s stock, valued at $52,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in Mvb Financial by 56.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock worth $44,667,000 after purchasing an additional 643,551 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Mvb Financial by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 469,714 shares of the company’s stock valued at $11,771,000 after buying an additional 22,103 shares during the period. Geode Capital Management LLC grew its position in shares of Mvb Financial by 0.8% during the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock worth $6,252,000 after buying an additional 2,160 shares in the last quarter. Fourthstone LLC increased its stake in shares of Mvb Financial by 275.2% during the second quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock worth $5,843,000 after buying an additional 190,223 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Mvb Financial in the third quarter valued at approximately $4,716,000. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

About Mvb Financial

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.