Daytona Street Capital LLC Acquires New Holdings in Mvb Financial Corp. $MVBF

Daytona Street Capital LLC acquired a new stake in Mvb Financial Corp. (NASDAQ:MVBF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,620 shares of the company’s stock, valued at approximately $507,000. Daytona Street Capital LLC owned 0.16% of Mvb Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MVBF. CWM LLC increased its stake in Mvb Financial by 68.6% during the third quarter. CWM LLC now owns 2,037 shares of the company’s stock worth $51,000 after purchasing an additional 829 shares during the period. Russell Investments Group Ltd. increased its stake in Mvb Financial by 2,673.2% during the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after purchasing an additional 1,096 shares during the period. Empowered Funds LLC increased its stake in Mvb Financial by 9.0% during the first quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock worth $245,000 after purchasing an additional 1,165 shares during the period. Tower Research Capital LLC TRC increased its stake in Mvb Financial by 200.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after purchasing an additional 1,248 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Mvb Financial during the second quarter worth about $32,000. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MVBF has been the topic of a number of recent research reports. Hovde Group boosted their price target on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Zacks Research upgraded shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Mvb Financial Stock Performance

Shares of Mvb Financial stock opened at $25.65 on Tuesday. Mvb Financial Corp. has a one year low of $15.59 and a one year high of $29.59. The company has a market cap of $329.60 million, a PE ratio of 12.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day simple moving average of $26.68 and a 200-day simple moving average of $26.51.

Mvb Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Mvb Financial had a return on equity of 2.09% and a net margin of 13.37%.The business had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. On average, equities research analysts forecast that Mvb Financial Corp. will post 1.4 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.7%. Mvb Financial’s payout ratio is currently 33.01%.

Mvb Financial Company Profile

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.