Natixis Advisors LLC Takes Position in MVB Financial Corp. (NASDAQ:MVBF)

Natixis Advisors LLC purchased a new stake in shares of MVB Financial Corp. (NASDAQ:MVBF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $242,000.

Several other large investors have also made changes to their positions in the company. Inspire Investing LLC acquired a new position in MVB Financial in the third quarter valued at about $772,000. Vanguard Group Inc. lifted its stake in MVB Financial by 5.5% in the first quarter. Vanguard Group Inc. now owns 558,946 shares of the company’s stock valued at $12,470,000 after buying an additional 29,237 shares during the period. Dimensional Fund Advisors LP lifted its stake in MVB Financial by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 343,623 shares of the company’s stock valued at $6,405,000 after buying an additional 18,649 shares during the period. Bank of New York Mellon Corp lifted its stake in MVB Financial by 25.2% in the second quarter. Bank of New York Mellon Corp now owns 70,492 shares of the company’s stock valued at $1,314,000 after buying an additional 14,176 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in MVB Financial by 75.2% in the second quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock valued at $312,000 after buying an additional 7,191 shares during the period. Institutional investors and hedge funds own 52.72% of the company’s stock.

MVB Financial Trading Down 0.2 %

NASDAQ:MVBF opened at $21.58 on Friday. MVB Financial Corp. has a 1-year low of $17.51 and a 1-year high of $25.24. The business’s 50-day moving average price is $20.28 and its two-hundred day moving average price is $20.07. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $279.25 million, a price-to-earnings ratio of 15.20 and a beta of 1.05.

MVB Financial (NASDAQ:MVBF) last released its quarterly 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). The business had revenue of $53.28 million for the quarter, compared to analyst estimates of $35.90 million. MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. On average, equities analysts expect that MVB Financial Corp. will post 1.08 earnings per share for the current year.

MVB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Friday, November 29th. MVB Financial’s dividend payout ratio is currently 47.89%.

MVB Financial 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.