Pure Financial Advisors LLC Buys Shares of 84,824 Mvb Financial Corp. $MVBF

Pure Financial Advisors LLC purchased a new stake in Mvb Financial Corp. (NASDAQ:MVBF) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 84,824 shares of the company’s stock, valued at approximately $2,461,000.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Mvb Financial by 6.3% during the first quarter. Bank of America Corp DE now owns 11,627 shares of the company’s stock valued at $289,000 after purchasing an additional 686 shares in the last quarter. Strs Ohio lifted its holdings in Mvb Financial by 8.5% during the fourth quarter. Strs Ohio now owns 8,900 shares of the company’s stock worth $230,000 after buying an additional 700 shares during the period. Quantinno Capital Management LP boosted its position in Mvb Financial by 2.6% during the 1st quarter. Quantinno Capital Management LP now owns 28,537 shares of the company’s stock valued at $709,000 after acquiring an additional 722 shares in the last quarter. AQR Capital Management LLC boosted its position in Mvb Financial by 3.6% during the 4th quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock valued at $708,000 after acquiring an additional 958 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after acquiring an additional 1,096 shares during the period. Hedge funds and other institutional investors own 52.72% of the company’s stock.

Mvb Financial Price Performance

Shares of MVBF opened at $29.95 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day moving average price is $29.52 and its 200-day moving average price is $27.47. Mvb Financial Corp. has a 1-year low of $23.58 and a 1-year high of $31.99. The firm has a market capitalization of $388.45 million, a PE ratio of 10.12 and a beta of 0.80.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.59. The company had revenue of $50.73 million during the quarter, compared to analysts’ expectations of $36.94 million. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. On average, equities research analysts predict that Mvb Financial Corp. will post 1.63 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. Mvb Financial’s payout ratio is 22.97%.

Analysts Set New Price Targets

MVBF has been the subject of several recent research reports. Weiss Ratings raised Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. TD Cowen lifted their target price on Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their target price on shares of Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Zacks Research cut shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Raymond James Financial lowered shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.75.

About Mvb Financial

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.