Mvb Financial (NASDAQ:MVBF) Director Richard James Cordella Jr Purchases 500 Shares of Stock

Mvb Financial Corp. (NASDAQ:MVBF) Director Richard James Cordella, Jr. acquired 500 shares of the company’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of $27.70 per share, with a total value of $13,850.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $13,850. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mvb Financial Trading Up 0.4%

Shares of NASDAQ:MVBF traded up $0.10 during trading on Monday, hitting $27.23. 6,730 shares of the company’s stock were exchanged, compared to its average volume of 42,977. Mvb Financial Corp. has a 1-year low of $15.59 and a 1-year high of $27.49. The firm has a market cap of $342.49 million, a P/E ratio of 11.07 and a beta of 0.95. 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 firm has a 50-day moving average price of $26.29 and a two-hundred day moving average price of $23.94.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. Mvb Financial’s dividend payout ratio (DPR) is currently 27.64%.

Hedge Funds Weigh In On Mvb Financial

A number of large investors have recently added to or reduced their stakes in MVBF. CWM LLC lifted its holdings in shares of Mvb Financial by 75.8% in the second quarter. CWM LLC now owns 1,208 shares of the company’s stock valued at $27,000 after purchasing an additional 521 shares in the last quarter. Russell Investments Group Ltd. raised its position in Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after buying an additional 1,096 shares during the last quarter. Empowered Funds LLC lifted its stake in Mvb Financial by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock valued at $245,000 after acquiring an additional 1,165 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Mvb Financial by 200.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Mvb Financial during the 2nd quarter worth approximately $32,000. Institutional investors own 52.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Hovde Group increased their target price on Mvb Financial from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mvb Financial in a research note on Monday, December 1st. TD Cowen initiated coverage on shares of Mvb Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $35.00 price target on the stock. Raymond James Financial set a $30.00 price objective on shares of Mvb Financial and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, Cowen began coverage on shares of Mvb Financial in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

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.