Dimensional Fund Advisors LP boosted its stake in MVB Financial Corp. (NASDAQ:MVBF – Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 343,623 shares of the company’s stock after purchasing an additional 18,649 shares during the quarter. Dimensional Fund Advisors LP owned about 2.67% of MVB Financial worth $6,405,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC raised its position in MVB Financial by 53.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 945,290 shares of the company’s stock worth $21,089,000 after purchasing an additional 329,355 shares during the period. Wellington Management Group LLP raised its stake in shares of MVB Financial by 3.8% in the fourth quarter. Wellington Management Group LLP now owns 1,353,624 shares of the company’s stock worth $30,538,000 after purchasing an additional 49,007 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of MVB Financial by 5.5% during the first quarter. Vanguard Group Inc. now owns 558,946 shares of the company’s stock worth $12,470,000 after purchasing an additional 29,237 shares during the period. BNP Paribas Financial Markets increased its holdings in MVB Financial by 515.9% in the 1st quarter. BNP Paribas Financial Markets now owns 20,195 shares of the company’s stock worth $451,000 after buying an additional 16,916 shares during the period. Finally, Bank of New York Mellon Corp raised its position in MVB Financial by 25.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,492 shares of the company’s stock worth $1,314,000 after buying an additional 14,176 shares during the last quarter. 52.72% of the stock is owned by institutional investors.
MVB Financial Trading Down 0.4 %
MVBF stock opened at $18.68 on Wednesday. The business’s 50-day moving average is $20.27 and its 200 day moving average is $19.92. MVB Financial Corp. has a 12-month low of $17.51 and a 12-month high of $25.24. The stock has a market cap of $240.71 million, a price-to-earnings ratio of 10.03 and a beta of 1.05. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.25.
MVB Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.64%. MVB Financial’s dividend payout ratio (DPR) is 36.36%.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their price target on shares of MVB Financial from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.
View Our Latest Stock Report on MVB Financial
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.
Read More
- Five stocks we like better than MVB Financial
- Comparing and Trading High PE Ratio Stocks
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- What is a Death Cross in Stocks?
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- How to Invest in Blue Chip Stocks
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Receive News & Ratings for MVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.