TimesSquare Capital Management LLC Has $19.13 Million Stock Holdings in MVB Financial Corp. (NASDAQ:MVBF)

TimesSquare Capital Management LLC increased its stake in shares of MVB Financial Corp. (NASDAQ:MVBF) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 924,053 shares of the company’s stock after buying an additional 149,464 shares during the period. TimesSquare Capital Management LLC owned 7.14% of MVB Financial worth $19,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MVBF. SG Americas Securities LLC acquired a new position in MVB Financial during the 4th quarter worth about $111,000. Empowered Funds LLC lifted its position in MVB Financial by 4.5% during the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after buying an additional 536 shares in the last quarter. Natixis Advisors LLC acquired a new position in MVB Financial during the 3rd quarter worth about $242,000. Assenagon Asset Management S.A. lifted its position in MVB Financial by 19.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock worth $373,000 after buying an additional 3,077 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in MVB Financial during the 3rd quarter worth about $376,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

MVB Financial Stock Performance

Shares of NASDAQ:MVBF opened at $19.48 on Thursday. The stock has a market capitalization of $252.07 million, a P/E ratio of 12.73 and a beta of 1.04. MVB Financial Corp. has a 1-year low of $17.51 and a 1-year high of $25.24. 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 business has a 50-day moving average price of $19.99 and a two-hundred day moving average price of $20.29.

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

About MVB Financial

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.