Q3 2020 Earnings Forecast for Mvb Financial Corp. (OTCMKTS:MVBF) Issued By Piper Sandler

Mvb Financial Corp. (OTCMKTS:MVBF) – Investment analysts at Piper Sandler cut their Q3 2020 EPS estimates for Mvb Financial in a report issued on Tuesday, July 28th. Piper Sandler analyst N. Cucharale now forecasts that the financial services provider will post earnings per share of $0.25 for the quarter, down from their prior estimate of $0.47. Piper Sandler currently has a “Overweight” rating and a $15.00 target price on the stock. Piper Sandler also issued estimates for Mvb Financial’s Q4 2020 earnings at $0.26 EPS, FY2020 earnings at $2.08 EPS, Q1 2021 earnings at $0.23 EPS, Q3 2021 earnings at $0.27 EPS and FY2021 earnings at $0.93 EPS.

Separately, Zacks Investment Research lowered Mvb Financial from a “strong-buy” rating to a “hold” rating in a research report on Saturday.

OTCMKTS:MVBF opened at $13.22 on Friday. Mvb Financial has a twelve month low of $8.22 and a twelve month high of $27.00. The stock’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $15.33.

Mvb Financial (OTCMKTS:MVBF) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $1.36. The firm had revenue of $63.97 million during the quarter, compared to analyst estimates of $37.80 million.

Several large investors have recently bought and sold shares of MVBF. Fourthstone LLC bought a new position in shares of Mvb Financial during the 2nd quarter worth approximately $422,000. State Street Corp boosted its stake in shares of Mvb Financial by 2.5% during the 1st quarter. State Street Corp now owns 155,776 shares of the financial services provider’s stock worth $1,986,000 after acquiring an additional 3,836 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Mvb Financial during the 1st quarter worth approximately $82,000. Meeder Asset Management Inc. boosted its stake in shares of Mvb Financial by 104.9% during the 1st quarter. Meeder Asset Management Inc. now owns 2,168 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,110 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Mvb Financial by 10.3% during the 1st quarter. Geode Capital Management LLC now owns 145,004 shares of the financial services provider’s stock worth $1,848,000 after acquiring an additional 13,562 shares during the period. 4.98% of the stock is currently owned by hedge funds and other institutional investors.

About Mvb Financial

MVB Financial Corp., through its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the Mid-Atlantic region. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, real estate construction loans, and consumer loans.

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Earnings History and Estimates for Mvb Financial (OTCMKTS:MVBF)

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