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Giorgio Michael Louis, the Chief Information Officer of MVB Financial Corp (NASDAQ:MVBF), purchased 5,700 shares of the company’s common stock on March 12, 2025. The shares were acquired at a price of $17.60 each, amounting to a total transaction value of $100,320. The purchase comes as the stock trades near its 52-week low of $16.81, with the share price down about 15% year-to-date. According to InvestingPro analysis, MVBF currently appears undervalued. Following this acquisition, Louis now holds 7,504 shares directly. This transaction was executed under the authority of a power of attorney, as indicated by the filing. The insider purchase occurs while the bank trades at 0.72 times book value and offers a dividend yield of 3.89%. InvestingPro subscribers can access 8 additional key insights about MVBF’s financial health and valuation metrics.
In other recent news, MVB Financial has entered into a $17.6 million sale-leaseback agreement involving four of its retail banking branches. This transaction, effective December 30, 2024, is expected to yield a pre-tax gain of approximately $11.8 million for the company. The arrangement allows MVB Financial to lease back the properties for an initial term of 15 years, with the possibility of extending for three additional five-year periods. The lease terms include a base rent of $1.5 million per annum, subject to a 2% annual increase.
In another development, Keefe, Bruyette & Woods maintained an Outperform rating for MVB Financial but lowered the stock price target from $26.00 to $25.00. The firm noted that MVB Financial has faced challenges, including increased regulatory scrutiny, but has responded by enhancing risk management and compliance controls. The company’s strategic moves, such as exiting its cryptocurrency business, are seen as steps toward a more focused growth strategy. Analysts from the firm anticipate substantial improvements in revenue, growth, and profitability by 2025. The investments in the payments platform and Victor are beginning to show signs of increased revenue growth.
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