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.

BV Financial (NASDAQ:BVFL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

BV Financial Stock Performance

Shares of NASDAQ BVFL opened at $16.75 on Friday. The firm has a market cap of $166.48 million, a P/E ratio of 16.26 and a beta of 0.50. BV Financial has a 1 year low of $13.53 and a 1 year high of $18.19. The firm's 50 day moving average price is $16.22 and its 200 day moving average price is $15.51.

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

Insider Buying and Selling

In other BV Financial news, Director Joseph S. Galli sold 15,250 shares of BV Financial stock in a transaction dated Wednesday, July 23rd. The stock was 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 in the company, valued at $1,314,766.53. The trade was a 15.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On BV Financial

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its position in BV Financial by 316.5% during the fourth 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. Jane Street Group LLC acquired a new stake in shares of BV Financial during the 4th quarter worth $412,000. Citadel Advisors LLC raised its position in shares of BV Financial by 92.7% in the 4th quarter. Citadel Advisors LLC now owns 23,582 shares of the company's stock worth $406,000 after buying an additional 11,343 shares during the period. Marshall Wace LLP acquired a new position in BV Financial in the second quarter valued at $207,000. Finally, Rhumbline Advisers acquired a new position in BV Financial in the second quarter valued at $197,000. 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.

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