Brokerages Anticipate MVB Financial Corp. (NASDAQ:MVBF) to Announce $0.38 EPS

Equities analysts predict that MVB Financial Corp. (NASDAQ:MVBFGet Rating) will announce earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for MVB Financial’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.47. MVB Financial posted earnings of $0.66 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 42.4%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that MVB Financial will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.20. For the next year, analysts anticipate that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.41 to $3.50. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for MVB Financial.

MVB Financial (NASDAQ:MVBFGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.52. The company had revenue of $36.05 million during the quarter, compared to analyst estimates of $30.10 million. MVB Financial had a return on equity of 15.22% and a net margin of 26.79%.

Several research firms recently issued reports on MVBF. Piper Sandler lifted their price objective on MVB Financial from $43.00 to $44.50 and gave the company a “neutral” rating in a research note on Thursday, March 17th. Zacks Investment Research raised MVB Financial from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research note on Thursday, March 17th. Finally, Raymond James initiated coverage on MVB Financial in a research note on Friday, April 1st. They set a “strong-buy” rating and a $64.00 price objective for the company.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. grew its position in MVB Financial by 145.2% during the 3rd quarter. Citigroup Inc. now owns 1,150 shares of the company’s stock worth $49,000 after acquiring an additional 681 shares during the last quarter. TimesSquare Capital Management LLC grew its position in MVB Financial by 46.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 539,054 shares of the company’s stock worth $23,088,000 after acquiring an additional 170,794 shares during the last quarter. Renaissance Technologies LLC grew its position in MVB Financial by 7.3% during the 3rd quarter. Renaissance Technologies LLC now owns 26,600 shares of the company’s stock worth $1,139,000 after acquiring an additional 1,800 shares during the last quarter. Banc Funds Co. LLC grew its position in MVB Financial by 12.8% during the 3rd quarter. Banc Funds Co. LLC now owns 85,733 shares of the company’s stock worth $3,672,000 after acquiring an additional 9,750 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in MVB Financial by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 169,918 shares of the company’s stock worth $7,277,000 after acquiring an additional 2,871 shares during the last quarter. 49.81% of the stock is currently owned by institutional investors.

NASDAQ:MVBF traded down $0.40 during trading hours on Wednesday, hitting $41.43. 45,620 shares of the company’s stock traded hands, compared to its average volume of 24,152. The company has a market cap of $503.00 million, a price-to-earnings ratio of 13.23 and a beta of 0.90. MVB Financial has a 52 week low of $35.35 and a 52 week high of $45.94. The company has a fifty day moving average of $40.24. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from MVB Financial’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, February 28th. MVB Financial’s dividend payout ratio (DPR) is currently 22.08%.

MVB Financial Company Profile (Get Rating)

MVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally. The company operates through three segments: CoRe Banking, Mortgage Banking, and 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.

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Earnings History and Estimates for MVB Financial (NASDAQ:MVBF)

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