Pure Financial Advisors LLC Purchases Shares of 84,824 Mvb Financial Corp. $MVBF

Pure Financial Advisors LLC acquired a new stake in shares of Mvb Financial Corp. (NASDAQ:MVBF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 84,824 shares of the company’s stock, valued at approximately $2,461,000. Pure Financial Advisors LLC owned approximately 0.65% of Mvb Financial as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MVBF. Russell Investments Group Ltd. grew its holdings in Mvb Financial by 2,673.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after buying an additional 1,096 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mvb Financial during the 2nd quarter valued at approximately $32,000. Legal & General Group Plc purchased a new position in shares of Mvb Financial in the second quarter valued at $35,000. Tower Research Capital LLC TRC increased its position in Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Mvb Financial during the first quarter valued at $132,000. 52.72% of the stock is owned by institutional investors.

Mvb Financial Trading Down 0.6%

MVBF stock opened at $29.95 on Thursday. Mvb Financial Corp. has a 12 month low of $23.58 and a 12 month high of $31.99. The firm’s 50-day moving average is $29.52 and its 200 day moving average is $27.47. The company has a market capitalization of $388.45 million, a PE ratio of 10.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92.

Mvb Financial (NASDAQ:MVBF) last issued its earnings results on Tuesday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.59. Mvb Financial had a net margin of 17.53% and a return on equity of 2.86%. The business had revenue of $50.73 million for the quarter, compared to the consensus estimate of $36.94 million. On average, research analysts anticipate that Mvb Financial Corp. will post 1.63 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 1st. Mvb Financial’s dividend payout ratio (DPR) is presently 22.97%.

Analyst Ratings Changes

A number of equities analysts have commented on MVBF shares. Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings raised Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Keefe, Bruyette & Woods boosted their target price on Mvb Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Zacks Research downgraded Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mvb Financial presently has an average rating of “Moderate Buy” and a consensus target price of $32.75.

Mvb Financial Company Profile

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.