BV Financial (NASDAQ:BVFL) Trading Down 0.2% - Here's Why

Key Points

• BV Financial's stock experienced a slight decline of 0.2%, trading at $16.74 with a market cap of $166.40 million.
• Analysts from Wall Street Zen downgraded BV Financial's rating from "hold" to "sell" recently, indicating a shift in market perception.
• Insider trading activity included Director Joseph S. Galli selling 15,250 shares, reflecting a 15.79% reduction in ownership.

BV Financial, Inc. (NASDAQ:BVFL - Get Free Report)'s share price traded down 0.2% on Tuesday . The company traded as low as $16.65 and last traded at $16.74. 44,206 shares were traded during mid-day trading, an increase of 12% from the average session volume of 39,353 shares. The stock had previously closed at $16.78.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of BV Financial from a "hold" rating to a "sell" rating in a research note on Friday, July 18th.

BV Financial Stock Down 0.2%

The company has a market cap of $166.40 million, a P/E ratio of 16.25 and a beta of 0.50. The company's 50-day moving average is $15.94 and its two-hundred day moving average is $15.39.

BV Financial (NASDAQ:BVFL - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.38 earnings per share for the quarter. The company 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%.

Insiders Place Their Bets

In related news, Director Joseph S. Galli sold 15,250 shares of the stock in a transaction dated 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 transaction, the director owned 81,309 shares in the company, valued at approximately $1,314,766.53. This represents a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.79% of the company's stock.

Hedge Funds Weigh In On BV Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BVFL. Nisa Investment Advisors LLC bought a new position in BV Financial during the second quarter worth about $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in BV Financial during the second quarter worth about $30,000. Bank of America Corp DE boosted its position in 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 worth $56,000 after purchasing an additional 3,613 shares during the period. JPMorgan Chase & Co. bought a new position in BV Financial during the second quarter worth about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in BV Financial during the second quarter worth about $72,000. Institutional investors own 42.65% of the company's stock.

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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