Joseph Ryan Rodriguez Acquires 1,125 Shares of MVB Financial Corp. (NASDAQ:MVBF) Stock

MVB Financial Corp. (NASDAQ:MVBF) insider Joseph Ryan Rodriguez acquired 1,125 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $19.15 per share, with a total value of $21,543.75. Following the completion of the transaction, the insider now owns 5,250 shares of the company’s stock, valued at approximately $100,537.50. The trade was a 27.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Joseph Ryan Rodriguez also recently made the following trade(s):

• On Thursday, May 8th, Joseph Ryan Rodriguez acquired 4,125 shares of MVB Financial stock. The stock was acquired at an average cost of $18.00 per share, with a total value of $74,250.00.

MVB Financial Stock Performance

NASDAQ:MVBF opened at $18.52 on Wednesday. The stock has a market cap of $239.83 million, a P/E ratio of 12.10 and a beta of 0.92. The stock has a 50 day simple moving average of $17.04 and a 200 day simple moving average of $19.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. MVB Financial Corp. has a 1-year low of $15.59 and a 1-year high of $25.24.

MVB Financial (NASDAQ:MVBF) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $33.68 million during the quarter, compared to analysts’ expectations of $34.48 million. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. Research analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.67%. MVB Financial’s payout ratio is currently 46.58%.

Analysts Set New Price Targets

MVBF has been the subject of a number of recent analyst reports. Raymond James cut their price objective on MVB Financial from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Institutional Trading of MVB Financial

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in MVB Financial by 13.7% in the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company’s stock valued at $1,929,000 after acquiring an additional 13,418 shares in the last quarter. Nuveen LLC acquired a new position in MVB Financial in the 1st quarter valued at $815,000. Sippican Capital Advisors raised its holdings in MVB Financial by 24.0% in the 1st quarter. Sippican Capital Advisors now owns 38,175 shares of the company’s stock valued at $661,000 after acquiring an additional 7,390 shares in the last quarter. AA Financial Advisors LLC acquired a new position in MVB Financial in the 1st quarter valued at $1,299,000. Finally, McKinley Carter Wealth Services Inc. raised its holdings in MVB Financial by 15.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 29,876 shares of the company’s stock valued at $517,000 after acquiring an additional 4,000 shares in the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

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.