Mvb Financial Corp. (MVBF) Director Buys $15,670.00 in Stock

Mvb Financial Corp. (OTCMKTS:MVBF) Director Cheryl Spielman acquired 1,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $15.67 per share, for a total transaction of $15,670.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Mvb Financial stock traded up $0.10 on Friday, hitting $15.77. The stock had a trading volume of 7,443 shares, compared to its average volume of 8,020. Mvb Financial Corp. has a twelve month low of $14.31 and a twelve month high of $19.90.

Mvb Financial (OTCMKTS:MVBF) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $22.74 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a $0.04 dividend. This is an increase from Mvb Financial’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, May 30th. This represents a $0.16 annualized dividend and a dividend yield of 1.01%.

Several equities analysts have recently commented on MVBF shares. TheStreet raised Mvb Financial from a “c+” rating to a “b” rating in a research report on Wednesday, February 13th. Hovde Group started coverage on Mvb Financial in a research report on Friday, March 8th. They issued an “outperform” rating and a $18.50 target price on the stock. Finally, Sandler O’Neill started coverage on Mvb Financial in a research report on Friday, April 12th. They issued a “hold” rating and a $18.50 target price on the stock.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Mvb Financial by 527.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,813 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,524 shares during the last quarter. Bank of America Corp DE grew its position in shares of Mvb Financial by 86.5% in the fourth quarter. Bank of America Corp DE now owns 5,712 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 2,650 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Mvb Financial in the fourth quarter valued at approximately $210,000. Wells Fargo & Company MN grew its position in Mvb Financial by 15.5% during the first quarter. Wells Fargo & Company MN now owns 16,508 shares of the financial services provider’s stock worth $252,000 after buying an additional 2,211 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Mvb Financial by 18.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,970 shares of the financial services provider’s stock worth $336,000 after buying an additional 3,406 shares in the last quarter. 4.98% of the stock is currently owned by institutional investors.

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Mvb Financial Company Profile

MVB Financial Corp. (MVB) is a financial holding company. Through its subsidiaries, MVB Bank, Inc (the Bank), MVB Mortgage and MVB Insurance, LLC, the Company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region.

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