BV Financial (NASDAQ:BVFL) Stock Rating Upgraded by Wall Street Zen

Key Points

• BV Financial’s rating was upgraded: Wall Street Zen moved the stock from “sell” to “hold,” while Weiss Ratings separately upgraded it from “hold (c+)” to “buy (b-).” MarketBeat data shows an average analyst rating of “Buy.”
• Shares are trading near their 12-month high: BVFL opened at $21.43, compared with a 12-month range of $14.60 to $22.17, and has a market capitalization of about $185.6 million.
• Recent results were profitable, but insiders have been selling: BV Financial reported quarterly earnings of $0.47 per share on $10.01 million in revenue, while insiders sold 26,043 shares worth approximately $517,505 during the last quarter.

BV Financial (NASDAQ:BVFL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded BV Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".

BV Financial Price Performance

BVFL stock opened at $21.43 on Friday. The firm has a 50 day moving average of $20.84 and a 200-day moving average of $19.91. BV Financial has a 12-month low of $14.60 and a 12-month high of $22.17. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a market cap of $185.58 million, a price-to-earnings ratio of 14.10 and a beta of 0.28.

BV Financial (NASDAQ:BVFL - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported $0.47 earnings per share for the quarter. BV Financial had a return on equity of 9.28% and a net margin of 25.01%.The business had revenue of $10.01 million for the quarter.

Insider Activity

In related news, Director Joseph S. Galli sold 3,080 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $19.82, for a total transaction of $61,045.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 26,043 shares of company stock valued at $517,505 in the last quarter. 15.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of BV Financial by 105.4% during 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 in the last quarter. Bank of America Corp DE lifted its stake in shares of BV Financial by 4,353.0% during the second quarter. Bank of America Corp DE now owns 3,696 shares of the company's stock valued at $56,000 after buying an additional 3,613 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of BV Financial during the second quarter valued at approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in BV Financial during the second quarter worth approximately $72,000. Finally, MetLife Investment Management LLC acquired a new stake in BV Financial during the fourth quarter worth approximately $95,000. 42.65% of the stock is currently owned by hedge funds and other institutional investors.

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.

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