SG Americas Securities LLC Takes Position in MVB Financial Corp. (NASDAQ:MVBF)

SG Americas Securities LLC purchased a new position in MVB Financial Corp. (NASDAQ:MVBF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,351 shares of the company’s stock, valued at approximately $111,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in MVB Financial by 19.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock worth $373,000 after purchasing an additional 3,077 shares in the last quarter. Sippican Capital Advisors raised its holdings in MVB Financial by 11.4% in the third quarter. Sippican Capital Advisors now owns 23,820 shares of the company’s stock worth $461,000 after buying an additional 2,440 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of MVB Financial by 4.5% in the third quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after buying an additional 536 shares in the last quarter. Natixis Advisors LLC purchased a new stake in shares of MVB Financial during the third quarter valued at approximately $242,000. Finally, Martingale Asset Management L P bought a new stake in shares of MVB Financial during the third quarter valued at approximately $376,000. Hedge funds and other institutional investors own 52.72% of the company’s stock.

MVB Financial Stock Performance

Shares of MVBF opened at $19.95 on Thursday. MVB Financial Corp. has a one year low of $17.51 and a one year high of $25.24. The business has a fifty day moving average of $20.21 and a 200 day moving average of $20.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $258.17 million, a P/E ratio of 14.05 and a beta of 1.04.

MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, November 29th. MVB Financial’s payout ratio is currently 47.89%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price objective on MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research report 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.