TipRanks (Fri, 10-May 1:50 AM ET)
MVB Financial Corp. Announces First Quarter 2024 Results
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MVB Financial Corp. Declares First Quarter 2024 Dividend
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MVB Financial Corp. Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 14-Feb 4:30 PM ET)
MVB Financial Corp is a bank holding company. The company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. The Bank offers its customers various products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. MVB has three reportable segments: CoRe banking; mortgage banking and the financial holding company. It generates majority of its revenues from its CoRe banking segment.
MVB Financial Corp. trades on the NASDAQ stock market under the symbol MVBF.
As of May 14, 2024, MVBF stock price climbed to $18.67 with 985 million shares trading.
MVBF has a beta of 0.84, meaning it tends to be less sensitive to market movements. MVBF has a correlation of 0.09 to the broad based SPY ETF.
MVBF has a market cap of $240.58 million. This is considered a Small Cap stock.
Last quarter MVB Financial Corp. reported $38 million in Revenue and $.34 earnings per share. This beat revenue expectation by $823,000 and missed earnings estimates by -$.04.
In the last 3 years, MVBF stock traded as high as $45.94 and as low as $16.26.
The top ETF exchange traded funds that MVBF belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.
MVBF has underperformed the market in the last year with a price return of +15.5% while the SPY ETF gained +28.1%. MVBF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.5% and -3.3%, respectively, while the SPY returned +5.7% and +2.1%, respectively.
MVBF support price is $17.91 and resistance is $19.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVBF stock will trade within this expected range on the day.