BV Financial (NASDAQ:BVFL) Announces Earnings Results

Key Points

• BV Financial reported earnings of $0.49 per share, along with a net margin of 21.08% and a return on equity of 6.59% for the quarter.
• Shares of BV Financial traded at $14.70, reflecting a 0.5% increase, with a market capitalization of $146.12 million and a price-to-earnings ratio of 14.27.
• Institutional investors increased their holdings in BV Financial, with Bank of America Corp DE raising its stake by 4,353.0% in the 2nd quarter.

BV Financial (NASDAQ:BVFL - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.49 earnings per share (EPS) for the quarter, Zacks reports. BV Financial had a net margin of 21.08% and a return on equity of 6.59%.

BV Financial Trading Up 0.5%

Shares of BVFL stock traded up $0.07 during trading hours on Friday, reaching $14.70. 11,975 shares of the stock were exchanged, compared to its average volume of 38,190. The firm has a market capitalization of $146.12 million, a price-to-earnings ratio of 14.27 and a beta of 0.46. BV Financial has a 12-month low of $13.53 and a 12-month high of $18.19. The company's 50-day moving average price is $16.25 and its 200-day moving average price is $15.58.

Insider Transactions at BV Financial

In other news, Director Joseph S. Galli sold 15,250 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total value of $246,592.50. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 11.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BV Financial

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of BV Financial by 4,353.0% during the 2nd quarter. Bank of America Corp DE now owns 3,696 shares of the company's stock worth $56,000 after acquiring an additional 3,613 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of BV Financial during the 2nd quarter worth approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of BV Financial during the 2nd quarter worth approximately $72,000. New York State Common Retirement Fund bought a new position in shares of BV Financial during the 2nd quarter worth approximately $101,000. Finally, Rhumbline Advisers bought a new position in shares of BV Financial during the 2nd quarter worth approximately $197,000. Hedge funds and other institutional investors own 42.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BVFL. Weiss Ratings reiterated a "hold (c)" rating on shares of BV Financial in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of BV Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

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.

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