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

MVB Financial

31/10/2022 21:30

* MVB Financial Corp  MVBF.OQ  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 48 cents per share.
    * Revenue fell 7.3% to $38.04 million from a year ago;
analysts
expected $40.71 million. 
    * MVB Financial Corp's reported EPS for the quarter was 21
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * MVB Financial Corp shares had fallen by 9.0% this
quarter and
lost 39.0% so far this year.
    * The company reported quarterly net income of $2.72
million.
    * Wall Street's median 12-month price target for MVB
Financial
Corp is $45.50 
    * 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 October
31 at 09:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.30           0.77           Beat