Mvb Financial (NASDAQ:MVBF) CFO Michael Robert Sumbs Acquires 2,000 Shares

Mvb Financial Corp. (NASDAQ:MVBF) CFO Michael Robert Sumbs acquired 2,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $26.00 per share, for a total transaction of $52,000.00. Following the acquisition, the chief financial officer owned 2,000 shares in the company, valued at approximately $52,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mvb Financial Price Performance

Shares of Mvb Financial stock opened at $26.74 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $25.29 and its 200-day simple moving average is $22.54. Mvb Financial Corp. has a twelve month low of $15.59 and a twelve month high of $27.49. The firm has a market cap of $340.40 million, a P/E ratio of 10.87 and a beta of 1.09.

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 29th. Mvb Financial’s payout ratio is 27.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MVBF shares. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mvb Financial in a research report on Wednesday, October 8th. Cowen initiated coverage on shares of Mvb Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Raymond James Financial set a $30.00 target price on shares of Mvb Financial and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Zacks Research lowered shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Institutional Investors Weigh In On Mvb Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its stake in Mvb Financial by 317.6% in the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after purchasing an additional 1,569 shares in the last quarter. City Holding Co. increased its stake in Mvb Financial by 872.6% in the third quarter. City Holding Co. now owns 3,696 shares of the company’s stock valued at $93,000 after purchasing an additional 3,316 shares in the last quarter. CWM LLC boosted its holdings in shares of Mvb Financial by 68.6% in the third quarter. CWM LLC now owns 2,037 shares of the company’s stock valued at $51,000 after buying an additional 829 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after buying an additional 1,248 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Mvb Financial by 104.5% in the second quarter. Jane Street Group LLC now owns 27,111 shares of the company’s stock valued at $611,000 after buying an additional 13,852 shares during the period. 52.72% of the stock is owned by institutional investors.

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.