Mvb Financial (NASDAQ:MVBF) Director Buys $13,850.00 in Stock

Key Points

  • Director Richard James Cordella, Jr. purchased 500 shares on Dec. 5 at $27.70 each for $13,850, a transaction disclosed in an SEC filing that increased his stake from zero.
  • Quarterly dividend of $0.17 per share will be paid Dec. 15 to holders of record on Dec. 1 (ex-dividend Dec. 1), representing a $0.68 annualized payout and a ~2.6% yield with a 27.64% payout ratio.
  • Analyst sentiment is broadly positive with a consensus rating of “Moderate Buy” and an average price target of $31.50 after several firms raised targets into the $30–31 range (five Buy, one Hold, one Sell).

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) Director Richard James Cordella, Jr. acquired 500 shares of the company's stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $27.70 per share, for a total transaction of $13,850.00. Following the purchase, the director directly owned 500 shares of the company's stock, valued at approximately $13,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Mvb Financial Stock Performance

Shares of NASDAQ MVBF opened at $26.52 on Tuesday. 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 company has a market capitalization of $333.62 million, a P/E ratio of 10.78 and a beta of 0.95. Mvb Financial Corp. has a 12 month low of $15.59 and a 12 month high of $27.49. The stock has a 50 day moving average of $26.32 and a 200-day moving average of $23.99.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, December 1st. Mvb Financial's payout ratio is currently 27.64%.

Analysts Set New Price Targets




MVBF has been the subject of a number of research reports. Hovde Group raised their target price on shares of Mvb Financial from $27.00 to $31.00 and gave the stock an "outperform" rating in a research note on Friday, October 31st. Raymond James Financial set a $30.00 price objective on shares of Mvb Financial and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their target price on Mvb Financial from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 10th. Wall Street Zen lowered Mvb Financial from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Finally, Zacks Research downgraded Mvb Financial from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $31.50.

Check Out Our Latest Research Report on Mvb Financial

Institutional Trading of Mvb Financial

A number of institutional investors have recently modified their holdings of MVBF. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Mvb Financial during the 3rd quarter worth $202,000. Citadel Advisors LLC lifted its position in Mvb Financial by 25.8% during the third quarter. Citadel Advisors LLC now owns 18,643 shares of the company's stock worth $467,000 after purchasing an additional 3,819 shares during the period. Ameriprise Financial Inc. acquired a new stake in Mvb Financial during the third quarter worth about $4,716,000. Ategra Capital Management LLC bought a new position in Mvb Financial in the 3rd quarter valued at about $1,375,000. Finally, Two Sigma Investments LP bought a new position in Mvb Financial in the 3rd quarter valued at about $327,000. 52.72% of the stock is currently owned by institutional investors.

Mvb Financial Company Profile

(Get Free Report)

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.

See Also

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