MVB Financial (MVBF) to Release Quarterly Earnings on Wednesday

MVB Financial (NASDAQ:MVBF - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect MVB Financial to post earnings of $0.21 per share and revenue of $34.48 million for the quarter.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The business had revenue of $33.68 million during the quarter, compared to analysts' expectations of $34.48 million. On average, analysts expect MVB Financial to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MVB Financial Stock Up 2.2 %

Shares of MVBF stock traded up $0.38 during trading hours on Friday, reaching $17.87. 9,202 shares of the stock were exchanged, compared to its average volume of 29,418. MVB Financial has a 12-month low of $15.59 and a 12-month high of $25.24. The business's fifty day moving average is $17.06 and its two-hundred day moving average is $19.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $231.42 million, a P/E ratio of 11.68 and a beta of 0.89.

MVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, February 28th. MVB Financial's dividend payout ratio is presently 44.44%.

Insider Activity at MVB Financial

In other news, insider Michael Louis Giorgio acquired 5,700 shares of MVB Financial stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $17.60 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the insider now owns 7,504 shares in the company, valued at $132,070.40. This represents a 315.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 7,400 shares of company stock valued at $129,574 over the last ninety days. Insiders own 11.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MVBF shares. Raymond James dropped their target price on MVB Financial from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective on MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd.

About MVB Financial

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.