BV Financial (NASDAQ:BVFL) Cut to Sell at Wall Street Zen

Key Points

• BV Financial was downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• In recent trading, shares opened at $16.75, with a market capitalization of $166.48 million and a P/E ratio of 16.26.
• Several hedge funds have recently increased their positions in BV Financial, with Millennium Management boosting its stake by 316.5% in the last quarter.

Wall Street Zen cut shares of BV Financial (NASDAQ:BVFL - Free Report) from a hold rating to a sell rating in a report released on Sunday morning.

BV Financial Stock Performance

BVFL traded down $0.03 during trading hours on Friday, reaching $16.66. The company's stock had a trading volume of 5,470 shares, compared to its average volume of 40,144. 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 is $16.24 and its 200-day moving average is $15.52. The firm has a market cap of $165.60 million, a PE ratio of 16.17 and a beta of 0.50.

BV Financial (NASDAQ:BVFL - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.38 EPS for the quarter. The business had revenue of $9.87 million during the quarter. BV Financial had a net margin of 21.08% and a return on equity of 6.59%.

Insider Buying and Selling 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 transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.79% of the company's stock.

Institutional Trading of BV Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in BV Financial by 95.5% in the 2nd quarter. Geode Capital Management LLC now owns 207,445 shares of the company's stock valued at $3,160,000 after purchasing an additional 101,350 shares during the last quarter. Raymond James Financial Inc. bought a new position in BV Financial in the 2nd quarter valued at approximately $1,248,000. Millennium Management LLC lifted its stake in BV Financial by 316.5% in the 4th quarter. Millennium Management LLC now owns 49,219 shares of the company's stock valued at $848,000 after purchasing an additional 37,401 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in BV Financial by 40.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company's stock valued at $683,000 after purchasing an additional 12,941 shares during the last quarter. Finally, Jane Street Group LLC increased its position in BV Financial by 74.4% in the 1st quarter. Jane Street Group LLC now owns 41,727 shares of the company's stock valued at $637,000 after acquiring an additional 17,798 shares during the period. Institutional investors own 42.65% of the company's stock.

About BV Financial

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.