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

MVB Financial

30/10/2023 21:30

* MVB Financial Corp  MVBF.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 59 cents per share.
    * Revenue fell 6.3% to $35.66 million from a year ago;
analysts
expected $36.74 million. 
    * MVB Financial Corp's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * MVB Financial Corp shares had fallen by 13.1% this
quarter and
lost 10.9% so far this year.
    * The company reported quarterly net income of $3.87
million.
    * Wall Street's median 12-month price target for MVB
Financial
Corp is $27.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 09:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.59           0.29           Missed
 Jun. 30 2023      0.58           0.63           Beat
 Mar. 31 2023      0.63           0.87           Beat
 Dec. 31 2022      0.51           0.50           Missed