MVB Financial Second Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
MVB Financial Corp. (MVBF)
NASDAQ:AMEX Investor Relations:
ir.mvbbanking.com/corporateprofile
Company Research
Source: Yahoo! Finance
Net income: US$4.09m (down 50% from 2Q 2023). Profit margin: 12% (down from 20% in 2Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.32 (down from US$0.64 in 2Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period MVB Financial Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 3.5% from a week ago. Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on MVB Financial's balance sheet. Have feedback on this article? Concerned abo
Show less
Read more
Impact Snapshot
Event Time:
MVBF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MVBF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MVBF alerts
High impacting MVB Financial Corp. news events
Weekly update
A roundup of the hottest topics
MVBF
News
- What Makes MVB Financial Corp. (MVBF) a Worthy Investment? [Yahoo! Finance]Yahoo! Finance
- There's A Lot To Like About MVB Financial's (NASDAQ:MVBF) Upcoming US$0.17 Dividend [Yahoo! Finance]Yahoo! Finance
- MVB Financial Corp. Declares Third Quarter 2024 DividendBusiness Wire
- 3 US Stocks Estimated To Be Undervalued By Up To 40.1% [Yahoo! Finance]Yahoo! Finance
- MVB Financial Corp. (NASDAQ: MVBF) had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $29.00. They now have an "overweight" rating on the stock.MarketBeat
MVBF
Earnings
- 7/29/24 - Miss
MVBF
Analyst Actions
- 7/31/24 - JP Morgan
MVBF
Sec Filings
- 8/21/24 - Form 8-K
- 8/8/24 - Form 10-Q
- 7/29/24 - Form 8-K
- MVBF's page on the SEC website