Equities analysts predict that MVB Financial Corp. (NASDAQ:MVBF – Get 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:MVBF – Get 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 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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