Trexquant Investment LP Invests $311,000 in MVB Financial Corp. (NASDAQ:MVBF)

Trexquant Investment LP bought a new stake in MVB Financial Corp. (NASDAQ:MVBF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,024 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of MVB Financial by 30.2% during the third quarter. JPMorgan Chase & Co. now owns 45,926 shares of the company’s stock worth $889,000 after purchasing an additional 10,649 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MVB Financial by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company’s stock valued at $5,136,000 after purchasing an additional 6,002 shares during the period. Banco Santander S.A. purchased a new position in MVB Financial during the 4th quarter worth approximately $7,558,000. Barclays PLC increased its position in MVB Financial by 99.5% during the third quarter. Barclays PLC now owns 24,436 shares of the company’s stock worth $474,000 after buying an additional 12,190 shares during the period. Finally, Empowered Funds LLC lifted its stake in MVB Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 12,979 shares of the company’s stock valued at $269,000 after buying an additional 625 shares during the last quarter. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MVBF. Keefe, Bruyette & Woods lowered their target price on shares of MVB Financial from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Raymond James lowered their price objective on shares of MVB Financial from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

Insider Transactions at MVB Financial

In other MVB Financial news, insider Michael Louis Giorgio acquired 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $17.60 per share, with a total value of $100,320.00. Following the completion of the acquisition, the insider now directly owns 7,504 shares of the company’s stock, valued at approximately $132,070.40. The trade was a 315.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders acquired 7,400 shares of company stock valued at $129,574. Corporate insiders own 11.10% of the company’s stock.

MVB Financial Price Performance

MVB Financial stock opened at $15.88 on Monday. The business has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $19.51. MVB Financial Corp. has a 12 month low of $15.80 and a 12 month high of $25.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $205.63 million, a PE ratio of 10.38 and a beta of 0.89.

MVB Financial (NASDAQ:MVBF) last released its earnings results on Thursday, February 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.33 by $0.39. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The company had revenue of $46.18 million during the quarter, compared to analysts’ expectations of $33.60 million. Equities analysts predict that MVB Financial Corp. will post 1.4 earnings per share for the current year.

MVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.28%. The ex-dividend date was Friday, February 28th. MVB Financial’s payout ratio is 44.44%.

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.