MVB Financial Corp (NASDAQ: MVBF) has reported earnings for its first fiscal quarter (ending March 31) of $0.35 versus $0.20 for the same period a year ago — an increase of 75%. Relative to the consensus estimate of $0.39, this was a shortfall of $-0.04. For the latest four quarters through March 31, E.P.S. were $1.91 compared to $1.03 a year ago — an increase of 85%.
Recent Price Action
MVB Financial Corp (NASDAQ: MVBF) stock closed at $19.31 on 4/29/24 after a modest decline of -1.7%. However, trading volume in this decline was unusually low at 52% of normal. The stock has declined -4.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MVBF is expected to be a modest Value Builder.
MVB Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MVB Financial has a good Appreciation Score of 71 but a poor Power Rating of 28, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment