EJF Capital LLC Cuts Stake in Mvb Financial Corp. (MVBF)
EJF Capital LLC lowered its stake in shares of Mvb Financial Corp. (OTCMKTS:MVBF) by 61.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,899 shares of the financial services provider’s stock after selling 404,468 shares during the period. EJF Capital LLC owned about 2.37% of Mvb Financial worth $4,936,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in MVBF. Gendell Jeffrey L purchased a new stake in shares of Mvb Financial during the fourth quarter worth about $1,183,000. Pinnacle Holdings LLC purchased a new stake in shares of Mvb Financial during the fourth quarter worth about $830,000. Banc Funds Co. LLC purchased a new stake in shares of Mvb Financial during the fourth quarter worth about $9,613,000. Endeavour Capital Advisors Inc. purchased a new stake in shares of Mvb Financial during the fourth quarter worth about $5,926,000. Finally, Tibra Equities Europe Ltd purchased a new stake in shares of Mvb Financial during the first quarter worth about $398,000. 4.98% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet cut shares of Mvb Financial from a “b” rating to a “c+” rating in a research note on Wednesday, March 28th.
Mvb Financial (OTCMKTS:MVBF) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.18 earnings per share for the quarter. The firm had revenue of $21.84 million for the quarter. Mvb Financial had a net margin of 8.73% and a return on equity of 6.27%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%.
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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