MVB Financial Corp. (NASDAQ:MVBF) Holdings Boosted by Empowered Funds LLC

Empowered Funds LLC raised its position in MVB Financial Corp. (NASDAQ:MVBF) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,979 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Empowered Funds LLC owned about 0.10% of MVB Financial worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MVBF. Assenagon Asset Management S.A. increased its stake in shares of MVB Financial by 19.0% during the third quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock valued at $373,000 after acquiring an additional 3,077 shares during the period. Sippican Capital Advisors increased its stake in shares of MVB Financial by 11.4% during the third quarter. Sippican Capital Advisors now owns 23,820 shares of the company’s stock valued at $461,000 after acquiring an additional 2,440 shares during the period. Natixis Advisors LLC acquired a new position in shares of MVB Financial during the third quarter valued at approximately $242,000. Martingale Asset Management L P acquired a new position in shares of MVB Financial during the third quarter valued at approximately $376,000. Finally, State Street Corp increased its stake in shares of MVB Financial by 2.9% during the third quarter. State Street Corp now owns 225,727 shares of the company’s stock valued at $4,370,000 after acquiring an additional 6,274 shares during the period. Institutional investors and hedge funds own 52.72% of the company’s stock.

MVB Financial Trading Down 0.1 %

Shares of NASDAQ:MVBF opened at $19.01 on Friday. The stock has a market capitalization of $246.01 million, a price-to-earnings ratio of 12.42 and a beta of 1.04. MVB Financial Corp. has a 1-year low of $17.51 and a 1-year high of $25.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average price of $19.88 and a 200 day moving average price of $20.27.

MVB Financial (NASDAQ:MVBF) last issued its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.39. The firm had revenue of $46.18 million during the quarter, compared to analysts’ expectations of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. On average, research analysts anticipate that MVB Financial Corp. will post 1.4 EPS for the current fiscal year.

MVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 28th. MVB Financial’s dividend payout ratio is 44.44%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

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.