BV Financial's (BVFL) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings reaffirmed a "hold (c)" rating for BV Financial (BVFL), while Wall Street Zen downgraded the stock from "hold" to "sell."
• BV Financial's stock price is currently around $15.40 with a market cap of $153.08 million and has recently shown a trading volume below its average.
• Insider activity shows Director Joseph S. Galli sold 15,250 shares, resulting in a 15.79% decrease of their ownership in BV Financial.

BV Financial (NASDAQ:BVFL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered BV Financial from a "hold" rating to a "sell" rating in a research report on Sunday, September 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, BV Financial has an average rating of "Hold".

BV Financial Price Performance

NASDAQ:BVFL traded down $0.01 during mid-day trading on Wednesday, reaching $15.40. The stock had a trading volume of 12,922 shares, compared to its average volume of 38,986. The stock has a market cap of $153.08 million, a P/E ratio of 14.95 and a beta of 0.46. The business's 50 day moving average is $16.28 and its 200 day moving average is $15.59. BV Financial has a fifty-two week low of $13.53 and a fifty-two week high of $18.19.

BV Financial (NASDAQ:BVFL - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $0.38 earnings per share (EPS) 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%.

Insider Buying and Selling

In related news, Director Joseph S. Galli sold 15,250 shares of BV Financial stock in a transaction 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 sale, the director directly owned 81,309 shares in the company, valued at approximately $1,314,766.53. This trade represents a 15.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.79% of the company's stock.

Hedge Funds Weigh In On BV Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of BV Financial by 95.5% in the 2nd quarter. Geode Capital Management LLC now owns 207,445 shares of the company's stock worth $3,160,000 after purchasing an additional 101,350 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BV Financial in the 2nd quarter valued at about $1,248,000. Jane Street Group LLC lifted its stake in shares of BV Financial by 74.4% in the 1st quarter. Jane Street Group LLC now owns 41,727 shares of the company's stock valued at $637,000 after acquiring an additional 17,798 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of BV Financial in the 2nd quarter valued at about $207,000. Finally, Goldman Sachs Group Inc. raised its position in BV Financial by 40.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company's stock valued at $683,000 after purchasing an additional 12,941 shares during the last quarter. 42.65% of the stock is currently owned by hedge funds and other 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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