MVB Financial price target raised to $27 from $24 at JPMorgan

JPMorgan analyst Steven Alexopoulos raised the firm’s price target on MVB Financial to $27 from $24 and keeps an Overweight rating on the shares ahead of the Q2 results. With the peak increase in deposit costs likely in Q2, “another buy signal appears likely” for small cap banks, the analyst tells investors in a research note.