Analysts expect MVB Financial Corp. (NASDAQ:MVBF – Get Rating) posted revenue of $36.07 million for the current fiscal quarter, Zacks reports. Two analysts have made earnings estimates for MVB Financial, with estimates ranging from $35.30 million to $36.83 million. MVB Financial reported sales of $29.96 million in the same quarter last year, suggesting a positive year-over-year growth rate of 20.4%. The company is due to release its next results on Monday, January 1.
On average, analysts expect MVB Financial to post revenue of $161.16 million for the current fiscal year, with estimates ranging from $159.92 million to $162.40 million. dollars. For the next fiscal year, analysts expect the company to report sales of $199.14 million, with estimates ranging from $197.28 million to $201.00 million. Zacks Investment Research’s sell calculations are an average based on a survey of sell-side research analysts who cover MVB Financial.
MVB Financial (NASDAQ:MVBF – Get Rating) last released its quarterly earnings data on Thursday, February 17. The company reported earnings per share of $0.77 for the quarter, beating consensus analyst estimates 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 posted revenue of $36.05 million for the quarter, versus analyst estimates of $30.10 million.
A number of research analysts have weighed in on the stock recently. Raymond James assumed coverage of MVB Financial shares in a research report on Friday, April 1. They set a “Strong Buy” rating and a price target of $64.00 on the stock. Piper Sandler raised her price target on MVB Financial shares from $43.00 to $44.50 and gave the company a “neutral” rating in a Thursday, March 17 research report. Finally, Zacks Investment Research upgraded MVB Financial shares from a “hold” rating to a “strong-buy” rating and set a price target of $45.00 on the stock in a research report from the Thursday March 17.
MVB Financial stock opened at $42.16 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.27. The company’s fifty-day moving average price is $40.16 and its two-hundred-day moving average price is $41.03. MVB Financial has a 1-year low of $33.15 and a 1-year high of $45.94. The company has a market capitalization of $509.97 million, a price-earnings ratio of 13.69 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15. Investors of record on Tuesday, March 1 received a dividend of $0.17 per share. This represents a dividend of $0.68 on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, February 28. This is an increase from MVB Financial’s previous quarterly dividend of $0.15. The dividend payout ratio (DPR) of MVB Financial is 22.08%.
A number of hedge funds and other institutional investors have recently bought and sold shares of MVBF. Citigroup Inc. increased its stake in MVB Financial by 145.2% during the third quarter. Citigroup Inc. now owns 1,150 shares of the company worth $49,000 after buying 681 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in MVB Financial shares by 113.5% in the third quarter. BNP Paribas Arbitrage SA now owns 2,464 shares in the company worth $106,000 after buying an additional 1,310 shares last quarter. Allspring Global Investments Holdings LLC bought a new stock position in MVB Financial in the fourth quarter for a value of approximately $133,000. Barclays PLC increased its stake in MVB Financial shares by 231.8% in the third quarter. Barclays PLC now owns 4,131 shares in the company worth $177,000 after buying 2,886 more shares last quarter. Finally, Deutsche Bank AG increased its stake in MVB Financial shares by 5.4% in the fourth quarter. Deutsche Bank AG now owns 6,068 shares of the company worth $252,000 after buying 313 more shares last quarter. Institutional investors and hedge funds hold 49.81% of the company’s shares.
MVB Financial Company Profile (Get an evaluation)
MVB Financial Corp. is a holding company which, through its subsidiary, provides community and mortgage banking services. It also offers commercial and consumer loans, offering a range of lending products for commercial development and real estate, capital needs, as well as personal loans, residential real estate loans, home equity lines of credit and construction mortgages.
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