BV Financial (NASDAQ:BVFL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BV Financial (NASDAQ:BVFL) from a sell rating to a hold rating in a research note published on Friday.

BV Financial Trading Down 0.3%

Shares of NASDAQ BVFL opened at $16.70 on Friday. The stock has a market cap of $166.00 million, a price-to-earnings ratio of 16.21 and a beta of 0.50. BV Financial has a 52 week low of $13.53 and a 52 week high of $18.19. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $15.42.

BV Financial (NASDAQ:BVFL) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.38 EPS for the quarter. The firm had revenue of $9.87 million for the quarter. BV Financial had a net margin of 21.08% and a return on equity of 6.59%.

Insider Buying and Selling

In related news, Director Joseph S. Galli sold 15,250 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total value of $246,592.50. Following the sale, the director directly owned 81,309 shares of the company’s stock, valued at approximately $1,314,766.53. This represents a 15.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.79% of the company’s stock.

Institutional Investors Weigh In On BV Financial

Several hedge funds have recently modified their holdings of BVFL. Geode Capital Management LLC boosted its stake in shares of BV Financial by 95.5% during the 2nd quarter. Geode Capital Management LLC now owns 207,445 shares of the company’s stock worth $3,160,000 after purchasing an additional 101,350 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BV Financial during the 2nd quarter worth about $1,248,000. Millennium Management LLC boosted its stake in shares of BV Financial by 316.5% during the 4th quarter. Millennium Management LLC now owns 49,219 shares of the company’s stock worth $848,000 after purchasing an additional 37,401 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of BV Financial during the 4th quarter worth about $419,000. Finally, Jane Street Group LLC acquired a new stake in shares of BV Financial during the 4th quarter worth about $412,000. 42.65% of the stock is owned by institutional investors and hedge funds.

BV Financial Company Profile

BV Financial, Inc operates as the holding company for BayVanguard Bank that provides various financial services to individuals and businesses in Maryland. The company offers checking and money market accounts, savings accounts, and certificates of deposits. Its loan products include real estate, home equity, construction, lot, auto, boat, and other personal loans; and commercial lending products, such as commercial equipment/installation, commercial real estate, construction, investment real estate, lines of credit, and SBA loans, as well as loans for short-term real estate purchase, renovation, and sale projects.