Joseph Ryan Rodriguez Purchases 4,125 Shares of MVB Financial Corp. (NASDAQ:MVBF) Stock

MVB Financial Corp. (NASDAQ:MVBF) insider Joseph Ryan Rodriguez acquired 4,125 shares of MVB Financial stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $18.00 per share, with a total value of $74,250.00. Following the transaction, the insider now owns 4,125 shares of the company’s stock, valued at approximately $74,250. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Joseph Ryan Rodriguez also recently made the following trade(s):

• On Monday, May 12th, Joseph Ryan Rodriguez acquired 1,125 shares of MVB Financial stock. The shares were purchased at an average cost of $19.15 per share, with a total value of $21,543.75.

MVB Financial Price Performance

NASDAQ MVBF opened at $18.52 on Wednesday. MVB Financial Corp. has a fifty-two week low of $15.59 and a fifty-two week high of $25.24. The stock’s 50-day moving average is $17.04 and its two-hundred day moving average is $19.15. 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 cap of $239.83 million, a P/E ratio of 12.10 and a beta of 0.92.

MVB Financial (NASDAQ:MVBF) last posted its earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The company had revenue of $33.68 million for the quarter, compared to analyst estimates of $34.48 million. On average, analysts anticipate that MVB Financial Corp. will post 1.4 earnings per share for the current fiscal year.

MVB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.67%. MVB Financial’s dividend payout ratio (DPR) is currently 46.58%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MVBF shares. Keefe, Bruyette & Woods reduced their price objective on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Raymond James reduced their price objective on MVB Financial from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd.

Hedge Funds Weigh In On MVB Financial

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of MVB Financial by 6,989.3% in the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock worth $92,000 after purchasing an additional 5,242 shares during the period. SG Americas Securities LLC bought a new position in shares of MVB Financial in the fourth quarter worth about $111,000. Wells Fargo & Company MN increased its stake in shares of MVB Financial by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock worth $180,000 after purchasing an additional 1,467 shares during the period. Empowered Funds LLC increased its stake in shares of MVB Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 12,979 shares of the company’s stock worth $269,000 after purchasing an additional 625 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of MVB Financial in the fourth quarter worth about $272,000. 52.72% of the stock is currently owned by institutional investors.

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.