MVB Financial price target lowered to $20 from $24 at Raymond James

Raymond James analyst David Feaster lowered the firm’s price target on MVB Financial (MVBF) to $20 from $24 and keeps an Outperform rating on the shares. The company is poised for growth and 2025 will be an execution year as it focuses on accelerating volumes and onboarding partners from its expanding pipeline, the analyst tells investors in a research note. MVB has a scalable platform that is poised to deliver meaningful operating leverage with several levers that will drive net interest income dollars and net interest margin higher, the firm argues.