Keefe, Bruyette & Woods Reiterates Outperform Rating on MVB Financial (MVBF)

Keefe, Bruyette & Woods reiterated an Outperform rating and $24.00 price target on MVB Financial (NASDAQ: MVBF).

The analyst commented, "The exit of the digital asset line of business was a headwind to 3Q24 EPS, but we are encouraged that those deposits were replaced by gaming and payments deposits, expenses will come down next quarter, and we believe the regulatory risk has improved. Lowering EPS estimates, but believe there is revenue momentum in payments/mortgage/Victor/core growth into 2025 and trading at 1x TBV we remain OP."

For an analyst ratings summary and ratings history on MVB Financial click here. For more ratings news on MVB Financial click here.

Shares of MVB Financial closed at $22.39 yesterday.

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