In this article, I will feature one bank that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increased their holdings by more than 10%.
MVB Financial Corp. (NASDAQ:MVBF) provides community banking services primarily in the Marion, Harrison, Jefferson, Berkeley, and Monongalia counties of West Virginia.
Insider buying during the last 30 days
Here is a table of MVB Financial's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Public Offering||Current Ownership||Increase In Shares|
|John Schirripa||Executive Officer||Dec 16||59||Yes||13,608 shares||+0.4%|
|David Alvarez||Director||Dec 16||161||Yes||128,936 shares||+0.1%|
|James Cava||Director||Dec 16||198||Yes||42,314 shares||+0.5%|
|Joseph Cincinnati||Director||Dec 16||211||Yes||40,126 shares||+0.5%|
|Berniece Collis||Director||Dec 16||299||Yes||9,752 shares||+3.2%|
|John Ebert||Director||Dec 16||12,500||Yes||32,072 shares||+63.9%|
|Harry Dean||Director||Dec 16||7,812||Yes||99,638 shares||+8.5%|
|Nitesh Patel||Director||Dec 16||280||Yes||73,691 shares||+0.4%|
|Samuel Warash||Director||Dec 16||3,682||Yes||25,776 shares||+16.7%|
|Christopher Pallotta||Director||Dec 16||310||Yes||54,624 shares||+0.6%|
There have been 25,512 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of MVB Financial's insider-trading activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 37,795 shares purchased and there have been zero shares sold by insiders this year. The month of December has seen the most insider buying.
MVB Financial reported the third-quarter financial results on November 12 with the following highlights:
|Net income||$0.8 million|
|Book value||$21.54 per share|
On December 16, MVB Financial sold 230,032 shares of common stock at $32 per share, totaling $7,361,024.
MVB Financial has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider-trading activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only MVB Financial has seen intensive insider buying during the last 30 days.
There have been 10 different insiders buying MVB Financial and there have not been any insiders selling MVB Financial during the last 30 days. Two of these 10 insiders increased their holdings by more than 10%.
MVB Financial is trading at a P/E ratio of 22.57 and the stock has a dividend yield of 0.46%. The insiders paid $32 for their shares, which could be a good entry point for the stock based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MVBF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.