Mvb Financial (NASDAQ:MVBF) CFO Buys $52,000.00 in Stock

Mvb Financial Corp. (NASDAQ:MVBF) CFO Michael Robert Sumbs purchased 2,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mvb Financial Trading Up 2.8%

NASDAQ:MVBF traded up $0.74 on Wednesday, hitting $26.74. 45,251 shares of the stock were exchanged, compared to its average volume of 41,705. The stock has a market cap of $340.40 million, a PE ratio of 10.87 and a beta of 1.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $25.23 and a 200-day moving average of $22.51. Mvb Financial Corp. has a fifty-two week low of $15.59 and a fifty-two week high of $27.49.

Mvb Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s dividend payout ratio is presently 27.64%.

Institutional Trading of Mvb Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Mvb Financial by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 62,462 shares of the company’s stock valued at $1,082,000 after buying an additional 3,213 shares in the last quarter. Nuveen LLC acquired a new stake in Mvb Financial during the first quarter valued at approximately $815,000. American Century Companies Inc. raised its stake in Mvb Financial by 13.7% during the first quarter. American Century Companies Inc. now owns 111,369 shares of the company’s stock valued at $1,929,000 after buying an additional 13,418 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Mvb Financial by 9.0% during the first quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company’s stock valued at $2,836,000 after buying an additional 13,565 shares in the last quarter. Finally, Sippican Capital Advisors raised its stake in Mvb Financial by 12.0% during the second quarter. Sippican Capital Advisors now owns 42,755 shares of the company’s stock valued at $963,000 after buying an additional 4,580 shares in the last quarter. Institutional investors and hedge funds own 52.72% of the company’s stock.

Analyst Upgrades and Downgrades

MVBF has been the subject of several analyst reports. Raymond James Financial set a $30.00 target price on Mvb Financial and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Cowen initiated coverage on Mvb Financial in a research report on Wednesday, September 24th. They issued a “buy” rating for the company. Finally, TD Cowen assumed coverage on Mvb Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $35.00 target price for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

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.