MVB Financial Corp MVBF.OQ reported quarterly adjusted earnings of 15 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of three analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 23 cents to 31 cents per share.
Revenue fell 2.8% to $33.73 million from a year ago; analysts expected $34.61 million.
MVB Financial Corp's reported EPS for the quarter was 15 cents.
The company reported quarterly net income of $2 million.
MVB Financial Corp shares had risen by 4.8% this quarter and gained 14.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for MVB Financial Corp is $25.00, about 6.6% above its last closing price of $23.34
This summary was machine generated from LSEG data July 28 at 09:36 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)