BV Financial (NASDAQ:BVFL) Director Sells 5,000 Shares

Key Points

• BV Financial director Joseph Galli sold 5,000 shares on May 8 at an average price of $20.00, totaling $100,000. After the sale, he still held 36,341 shares valued at about $726,820.
• The stock traded up to $20.00 on Friday, near its 52-week high of $20.54, with trading volume above average. BV Financial has a market cap of about $175 million and a price-to-earnings ratio of 14.39.
• Analyst sentiment is mixed but improving: Wall Street Zen upgraded BV Financial to “buy”, while the overall consensus rating remains “Hold.” Institutional ownership stands at 42.65% after several funds increased or initiated positions.

BV Financial, Inc. (NASDAQ:BVFL - Get Free Report) Director Joseph Galli sold 5,000 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director owned 36,341 shares of the company's stock, valued at $726,820. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BV Financial Price Performance

NASDAQ BVFL traded up $0.23 during trading hours on Friday, reaching $20.00. 19,073 shares of the stock traded hands, compared to its average volume of 15,737. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $18.65. BV Financial, Inc. has a 1 year low of $14.05 and a 1 year high of $20.54. The company has a market cap of $175 million, a price-to-earnings ratio of 14.39 and a beta of 0.32.

Analyst Ratings Changes

A number of analysts recently weighed in on BVFL shares. Wall Street Zen upgraded BV Financial from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of BV Financial in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BVFL. BNP Paribas Financial Markets increased its holdings in shares of BV Financial by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the company's stock worth $38,000 after buying an additional 1,220 shares during the period. Bank of America Corp DE boosted its holdings in 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 valued at $56,000 after acquiring an additional 3,613 shares during the period. JPMorgan Chase & Co. bought a new position in BV Financial during the 2nd quarter worth approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in BV Financial during the 2nd quarter worth approximately $72,000. Finally, MetLife Investment Management LLC purchased a new position in BV Financial in the 4th quarter worth approximately $95,000. 42.65% of the stock is owned by institutional investors.

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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