Endeavour Capital Advisors Inc. purchased a new position in Mvb Financial Corp. (OTCMKTS:MVBF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 294,848 shares of the financial services provider’s stock, valued at approximately $5,926,000. Mvb Financial makes up approximately 2.4% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 15th largest holding. Endeavour Capital Advisors Inc. owned approximately 2.82% of Mvb Financial at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in MVBF. Pinnacle Holdings LLC purchased a new stake in shares of Mvb Financial in the 4th quarter valued at $830,000. Gendell Jeffrey L purchased a new stake in shares of Mvb Financial in the 4th quarter valued at $1,183,000. Finally, Banc Funds Co. LLC purchased a new stake in shares of Mvb Financial in the 4th quarter valued at $9,613,000. 4.98% of the stock is owned by institutional investors and hedge funds.
Shares of Mvb Financial Corp. (OTCMKTS:MVBF) opened at $20.00 on Monday. Mvb Financial Corp. has a 12 month low of $12.50 and a 12 month high of $20.40. The stock has a market cap of $209.31, a price-to-earnings ratio of 29.41 and a beta of 0.64. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. Mvb Financial’s dividend payout ratio is currently 14.71%.
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Mvb Financial 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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