MVB Financial Corp president and CFO buys 1,450 shares

Published 13/03/2025, 21:46
MVB Financial Corp president and CFO buys 1,450 shares

In a recent transaction, Donald T. Robinson, President and CFO of MVB Financial Corp (NASDAQ:MVBF), acquired 1,450 shares of the company’s common stock. The shares were purchased on March 11, 2025, at prices ranging from $17.26 to $17.51 per share, near the stock’s 52-week low of $16.81. According to InvestingPro analysis, the stock appears undervalued at current levels, with shares offering a 3.89% dividend yield. Following this transaction, Robinson holds a total of 61,308 shares directly. Additionally, he has indirect ownership of 2,302 shares through a 401(k) plan and 2,000 shares held by Brent Robinson. InvestingPro reveals 8 additional key insights about MVBF, including detailed insider trading patterns and financial health metrics that could influence investment decisions.

In other recent news, MVB Financial has made notable financial and strategic moves. The company recently entered into a $17.6 million sale-leaseback transaction involving four of its retail banking branches. This agreement allows MVB Financial to lease back the properties for an initial 15-year term, with options to extend, and is expected to yield a pre-tax gain of approximately $11.8 million. Concurrently, Keefe, Bruyette & Woods maintained an Outperform rating on MVB Financial but lowered the price target from $26.00 to $25.00, reflecting the company’s recent strategic adjustments and regulatory challenges.

Despite a reduction in the earnings per share estimate, analysts at Keefe express optimism about MVB Financial’s future, citing potential improvements in revenue and profitability by 2025. The company has been focusing on enhancing its risk management and compliance controls and has exited its cryptocurrency business to concentrate on core areas. Additionally, investments in its payments platform and Victor, a technology-enabled logistics company, are beginning to show signs of increased revenue growth. These recent developments underscore MVB Financial’s efforts to optimize asset utilization and navigate the changing regulatory landscape.

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