Mvb Financial (NASDAQ:MVBF) Director Richard James Cordella, Jr. Buys 500 Shares

Mvb Financial Corp. (NASDAQ:MVBF) Director Richard James Cordella, Jr. purchased 500 shares of the business’s stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $27.70 per share, for a total transaction of $13,850.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $13,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mvb Financial Stock Up 0.4%

Shares of NASDAQ MVBF traded up $0.10 during mid-day trading on Monday, hitting $27.23. The company had a trading volume of 6,730 shares, compared to its average volume of 42,977. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a 50-day simple moving average of $26.29 and a two-hundred day simple moving average of $23.94. The company has a market capitalization of $342.49 million, a PE ratio of 11.07 and a beta of 0.95. Mvb Financial Corp. has a one year low of $15.59 and a one year high of $27.49.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s payout ratio is 27.64%.

Analyst Ratings Changes

Several research firms have recently commented on MVBF. Cowen began coverage on Mvb Financial in a report on Wednesday, September 24th. They issued a “buy” rating for the company. TD Cowen assumed coverage on shares of Mvb Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $35.00 price target for the company. Zacks Research lowered shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mvb Financial in a research note on Monday, December 1st. Finally, Keefe, Bruyette & Woods upped their price objective on Mvb Financial from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Institutional Trading of Mvb Financial

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Mvb Financial by 56.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock valued at $44,667,000 after purchasing an additional 643,551 shares during the period. Fourthstone LLC grew its stake in shares of Mvb Financial by 275.2% in the second quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock valued at $5,843,000 after acquiring an additional 190,223 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Mvb Financial during the third quarter worth about $4,716,000. Ategra Capital Management LLC acquired a new stake in Mvb Financial in the 3rd quarter worth about $1,375,000. Finally, Nuveen LLC acquired a new stake in Mvb Financial in the 1st quarter worth about $815,000. 52.72% of the stock is owned by institutional investors and hedge funds.

About Mvb Financial

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.