BV Financial (NASDAQ:BVFL) Trading Up 0.4% - Still a Buy?

Key Points

• BV Financial's stock price increased by 0.4%, closing at $15.46 after trading as high as $15.59 during the session.
• Analysts at Wall Street Zen downgraded BV Financial from a "hold" rating to a "sell" rating on July 18th.
• Insider selling has occurred recently, with Director Joseph S. Galli selling 15,250 shares for approximately $246,592.50, marking a 15.79% decrease in his position.

BV Financial, Inc. (NASDAQ:BVFL - Get Free Report)'s stock price rose 0.4% during trading on Monday . The stock traded as high as $15.59 and last traded at $15.46. Approximately 46,494 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 51,147 shares. The stock had previously closed at $15.40.

Analysts Set New Price Targets

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

BV Financial Trading Down 1.2%

The company has a market cap of $161.53 million, a PE ratio of 15.78 and a beta of 0.49. The business's 50-day simple moving average is $15.40 and its 200-day simple moving average is $15.27.

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

Insider Buying and Selling

In other BV Financial news, Chairman Gary T. Amereihn sold 1,684 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $15.65, for a total value of $26,354.60. Following the completion of the sale, the chairman owned 19,485 shares in the company, valued at $304,940.25. This represents a 7.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph S. Galli sold 15,250 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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. The trade was a 15.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,154 shares of company stock valued at $596,291. Insiders own 11.79% of the company's stock.

Institutional Investors Weigh In On BV Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in BV Financial by 316.5% in the 4th quarter. Millennium Management LLC now owns 49,219 shares of the company's stock worth $848,000 after buying an additional 37,401 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BV Financial by 57.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,504 shares of the company's stock valued at $801,000 after purchasing an additional 16,997 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BV Financial during the 4th quarter valued at $412,000. Citadel Advisors LLC raised its holdings in shares of BV Financial by 92.7% during the 4th quarter. Citadel Advisors LLC now owns 23,582 shares of the company's stock valued at $406,000 after purchasing an additional 11,343 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in shares of BV Financial by 214.4% during the 4th quarter. Susquehanna International Group LLP now owns 148,007 shares of the company's stock valued at $2,549,000 after purchasing an additional 100,936 shares in the last quarter. Hedge funds and other 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.