Barclays PLC Purchases 12,190 Shares of MVB Financial Corp. (NASDAQ:MVBF)

Barclays PLC grew its position in MVB Financial Corp. (NASDAQ:MVBF) by 99.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,436 shares of the company’s stock after acquiring an additional 12,190 shares during the quarter. Barclays PLC owned 0.19% of MVB Financial worth $474,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MVBF. Empowered Funds LLC raised its stake in shares of MVB Financial by 4.5% in the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after buying an additional 536 shares in the last quarter. Rhumbline Advisers increased its stake in MVB Financial by 3.2% in the second quarter. Rhumbline Advisers now owns 17,888 shares of the company’s stock valued at $333,000 after acquiring an additional 549 shares during the period. Acadian Asset Management LLC raised its position in MVB Financial by 20.0% in the second quarter. Acadian Asset Management LLC now owns 9,764 shares of the company’s stock worth $181,000 after purchasing an additional 1,629 shares in the last quarter. Sippican Capital Advisors lifted its stake in MVB Financial by 11.4% during the third quarter. Sippican Capital Advisors now owns 23,820 shares of the company’s stock worth $461,000 after purchasing an additional 2,440 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in 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 purchasing an additional 3,077 shares in the last quarter. Institutional investors and hedge funds own 52.72% of the company’s stock.

Wall Street Analyst Weigh In

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

MVB Financial Trading Up 0.1 %

Shares of MVB Financial stock opened at $19.44 on Friday. MVB Financial Corp. has a 12-month low of $17.51 and a 12-month high of $25.24. The stock has a market capitalization of $251.57 million, a P/E ratio of 13.69 and a beta of 1.06. The company has a 50-day simple moving average of $20.93 and a 200 day simple moving average of $20.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.19). The firm had revenue of $53.28 million for the quarter, compared to the consensus estimate of $35.90 million. MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. Research analysts expect that MVB Financial Corp. will post 1.08 earnings per share for the current fiscal year.

MVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a yield of 3.50%. MVB Financial’s payout ratio is 47.89%.

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.