MVB Financial Corp. (NASDAQ:MVBF) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in MVB Financial Corp. (NASDAQ:MVBF) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,764 shares of the company’s stock after purchasing an additional 1,629 shares during the quarter. Acadian Asset Management LLC owned about 0.08% of MVB Financial worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MVBF. EntryPoint Capital LLC purchased a new stake in MVB Financial during the first quarter valued at about $107,000. Quadrature Capital Ltd acquired a new position in shares of MVB Financial in the 4th quarter valued at about $231,000. Empowered Funds LLC purchased a new stake in shares of MVB Financial during the 1st quarter worth about $248,000. Sippican Capital Advisors acquired a new stake in MVB Financial during the 1st quarter worth approximately $308,000. Finally, Boston Partners raised its holdings in MVB Financial by 11.5% in the first quarter. Boston Partners now owns 17,447 shares of the company’s stock valued at $389,000 after buying an additional 1,793 shares during the period. 52.72% of the stock is currently owned by institutional investors and hedge funds.

MVB Financial Trading Down 3.0 %

Shares of MVBF opened at $19.77 on Friday. MVB Financial Corp. has a 12 month low of $17.51 and a 12 month high of $25.24. The stock’s 50-day moving average is $21.22 and its two-hundred day moving average is $20.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $254.76 million, a PE ratio of 10.57 and a beta of 1.06.

MVB Financial (NASDAQ:MVBF) last released its quarterly earnings results on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). MVB Financial had a return on equity of 7.08% and a net margin of 9.28%. The company had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $38.20 million. Equities analysts forecast that MVB Financial Corp. will post 1.5 earnings per share for the current fiscal year.

MVB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.44%. The ex-dividend date was Friday, August 30th. MVB Financial’s dividend payout ratio (DPR) is 36.36%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of MVB Financial from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.

MVB Financial 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.