BV Financial (NASDAQ:BVFL) Trading Up 0.4% - Here's What Happened

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 share price rose 0.4% on Monday . The company traded as high as $15.59 and last traded at $15.46. Approximately 46,494 shares changed 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 lowered shares of BV Financial from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

BV Financial Trading Down 1.0%

The stock has a market capitalization of $171.32 million, a P/E ratio of 15.80 and a beta of 0.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 1.24. The business's 50 day simple moving average is $15.37 and its 200-day simple moving average is $15.27.

BV Financial (NASDAQ:BVFL - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $0.38 earnings per share for the quarter. BV Financial had a net margin of 21.08% and a return on equity of 6.56%. The company had revenue of $9.87 million for the quarter.

Insiders Place Their Bets

In other BV Financial news, Director Joseph S. Galli sold 15,250 shares of BV Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total value of $246,592.50. Following the sale, the director directly owned 81,309 shares in the company, valued at approximately $1,314,766.53. The trade was a 15.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gary T. Amereihn sold 1,684 shares of BV Financial stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $15.65, for a total transaction of $26,354.60. Following the completion of the sale, the chairman owned 19,485 shares in the company, valued at $304,940.25. The trade was a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,154 shares of company stock worth $596,291. 11.79% of the stock is currently owned by company insiders.

Institutional Trading of BV Financial

Several hedge funds and other institutional investors have recently modified their holdings of BVFL. Bank of America Corp DE boosted its holdings in BV Financial by 4,353.0% in the 2nd quarter. Bank of America Corp DE now owns 3,696 shares of the company's stock valued at $56,000 after purchasing an additional 3,613 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BV Financial during the 2nd quarter worth approximately $1,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of BV Financial during the 2nd quarter worth approximately $72,000. Marshall Wace LLP bought a new stake in shares of BV Financial during the 2nd quarter worth approximately $207,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of BV Financial during the 2nd quarter worth approximately $167,000. 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.