MVB Financial Corp reports results for the quarter ended in December - Earnings Summary

MVB Financial

17/02/2023 15:09

* MVB Financial Corp  MVBF.OQ  reported quarterly adjusted
earnings of 50 cents​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 51 cents per share.
    * Revenue rose 10.3% to $39.77 million from a year ago;
analysts
expected $40.65 million. 
    * MVB Financial Corp's reported EPS for the quarter was 50
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * MVB Financial Corp shares had risen by 10.3% this quarter.
    * The company reported quarterly net income of $6.51
million.
    * Wall Street's median 12-month price target for MVB
Financial
Corp is $36.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
17 at 03:09 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.51           0.50           Missed
 Sep. 30 2022      0.48           0.21           Missed
 Jun. 30 2022      0.33           0.23           Missed
 Mar. 31 2022      0.35           0.22           Missed