MVB Financial Corp. (NASDAQ:MVBF) Expected to Post Earnings of $0.38 Per Share

Analysts expect MVB Financial Corp. (NASDAQ:MVBFGet Rating) to announce earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for MVB Financial’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.28. MVB Financial posted earnings per share of $0.66 in the same quarter last year, which indicates a negative year over year growth rate of 42.4%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that MVB Financial will report full year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.05 to $2.20. For the next financial year, analysts forecast that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.41 to $3.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.52. MVB Financial had a net margin of 26.79% and a return on equity of 15.22%. The company had revenue of $36.05 million during the quarter, compared to analysts’ expectations of $30.10 million.

A number of research firms have commented on MVBF. Piper Sandler raised their price target on shares of MVB Financial from $43.00 to $44.50 and gave the stock a “neutral” rating in a report on Thursday, March 17th. Zacks Investment Research upgraded shares of MVB Financial from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a report on Thursday, March 17th. Finally, Raymond James began coverage on shares of MVB Financial in a report on Friday, April 1st. They issued a “strong-buy” rating and a $64.00 price target for the company.

MVBF opened at $40.06 on Wednesday. MVB Financial has a twelve month low of $37.15 and a twelve month high of $45.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $40.80 and a 200-day moving average of $41.14. The stock has a market cap of $486.37 million, a PE ratio of 13.01 and a beta of 0.90.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. This is a boost from MVB Financial’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, February 28th. MVB Financial’s dividend payout ratio (DPR) is presently 22.08%.

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in shares of MVB Financial by 145.2% during the third quarter. Citigroup Inc. now owns 1,150 shares of the company’s stock valued at $49,000 after buying an additional 681 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of MVB Financial by 113.5% during the third quarter. BNP Paribas Arbitrage SA now owns 2,464 shares of the company’s stock valued at $106,000 after buying an additional 1,310 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MVB Financial during the fourth quarter valued at about $133,000. Barclays PLC grew its holdings in shares of MVB Financial by 231.8% during the third quarter. Barclays PLC now owns 4,131 shares of the company’s stock valued at $177,000 after buying an additional 2,886 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of MVB Financial by 5.4% during the fourth quarter. Deutsche Bank AG now owns 6,068 shares of the company’s stock valued at $252,000 after buying an additional 313 shares during the last quarter. 49.81% of the stock is currently owned by hedge funds and other institutional investors.

About MVB Financial (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.

Further Reading

Get a free copy of the Zacks research report on MVB Financial (MVBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for MVB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVB Financial and related companies with MarketBeat.com's FREE daily email newsletter.