Inspire Investing LLC Grows Stake in MVB Financial Corp. (NASDAQ:MVBF)

Inspire Investing LLC lifted its position in MVB Financial Corp. (NASDAQ:MVBF) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,302 shares of the company’s stock after purchasing an additional 7,447 shares during the quarter. Inspire Investing LLC owned about 0.37% of MVB Financial worth $979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MVBF. Martingale Asset Management L P bought a new position in MVB Financial in the 3rd quarter worth about $376,000. Dimensional Fund Advisors LP grew its holdings in shares of MVB Financial by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 343,623 shares of the company’s stock worth $6,405,000 after purchasing an additional 18,649 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of MVB Financial in the third quarter worth approximately $242,000. Barclays PLC raised its stake in MVB Financial by 99.5% in the third quarter. Barclays PLC now owns 24,436 shares of the company’s stock valued at $474,000 after purchasing an additional 12,190 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in MVB Financial by 30.2% during the third quarter. JPMorgan Chase & Co. now owns 45,926 shares of the company’s stock valued at $889,000 after purchasing an additional 10,649 shares during the last quarter. Hedge funds and other institutional investors own 52.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

MVB Financial Stock Performance

Shares of NASDAQ MVBF opened at $19.40 on Friday. The stock’s 50-day moving average is $20.73 and its 200 day moving average is $20.63. The stock has a market cap of $251.04 million, a price-to-earnings ratio of 13.66 and a beta of 1.06. MVB Financial Corp. has a 1-year low of $17.51 and a 1-year high of $25.24. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF) last issued its earnings results on Wednesday, October 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.19). MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The business had revenue of $53.28 million during the quarter, compared to analysts’ expectations of $35.90 million. On average, sell-side analysts anticipate that MVB Financial Corp. will post 1.08 EPS for the current fiscal year.

MVB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.17 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. MVB Financial’s dividend payout ratio (DPR) is currently 47.89%.

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.