MVB Financial (NASDAQ:MVBF) Releases Earnings Results, Misses Expectations By $0.09 EPS

MVB Financial (NASDAQ:MVBF) released its quarterly earnings data on Monday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.09), Zacks reports. The business had revenue of $53.27 million for the quarter, compared to analyst estimates of $38.20 million. MVB Financial had a return on equity of 7.16% and a net margin of 9.28%.

MVB Financial Stock Performance

Shares of NASDAQ:MVBF traded down $0.20 on Wednesday, hitting $23.56. The company’s stock had a trading volume of 11,151 shares, compared to its average volume of 27,403. The company has a market capitalization of $303.69 million, a price-to-earnings ratio of 12.71 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 0.95. MVB Financial has a 12 month low of $17.51 and a 12 month high of $27.23. The stock’s 50-day moving average is $19.66 and its two-hundred day moving average is $20.40.

MVB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, May 31st. MVB Financial’s payout ratio is currently 36.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Hovde Group lowered MVB Financial from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their price target on shares of MVB Financial from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.25.

MVB Financial Company Profile

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The 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.