Alliancebernstein L.P. Sells 54,514 Shares of BV Financial, Inc. $BVFL

Key Points

• Alliancebernstein L.P. has reduced its stake in BV Financial, Inc. by **5.0%**, selling **54,514 shares**, and now owns **9.87%** of the company's stock valued at approximately **$15.96 million**.
• Director **Joseph S. Galli** sold **15,250 shares** at an average price of **$16.17**, representing a **15.79% decrease** in his position, while insiders collectively hold **11.79%** of the stock.
• BV Financial's shares are up **0.5%**, trading at **$16.67**, with earnings of **$0.38 per share** reported for the last quarter and a market capitalization of approximately **$165.68 million**.

Alliancebernstein L.P. lowered its stake in BV Financial, Inc. (NASDAQ:BVFL - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,045,581 shares of the company's stock after selling 54,514 shares during the period. Alliancebernstein L.P. owned 9.87% of BV Financial worth $15,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BVFL. Point72 Asia Singapore Pte. Ltd. bought a new stake in BV Financial in the fourth quarter worth $93,000. Cubist Systematic Strategies LLC bought a new position in BV Financial in the 4th quarter worth about $148,000. OMERS ADMINISTRATION Corp purchased a new stake in BV Financial during the 4th quarter valued at about $260,000. Citadel Advisors LLC grew its position in 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 during the last quarter. Finally, Jane Street Group LLC bought a new stake in BV Financial during the 4th quarter valued at about $412,000. Hedge funds and other institutional investors own 42.65% of the company's stock.

Insider Buying and Selling at BV Financial

In other news, Director Joseph S. Galli sold 15,250 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $16.17, for a total value of $246,592.50. Following the transaction, the director directly owned 81,309 shares in the company, valued at $1,314,766.53. This trade represents a 15.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.79% of the stock is owned by insiders.

BV Financial Stock Up 0.5%

Shares of BVFL stock opened at $16.67 on Friday. The company has a 50 day moving average price of $16.12 and a 200-day moving average price of $15.46. BV Financial, Inc. has a 52 week low of $13.53 and a 52 week high of $18.19. The firm has a market capitalization of $165.68 million, a PE ratio of 16.18 and a beta of 0.50.

BV Financial (NASDAQ:BVFL - Get Free Report) last issued its quarterly earnings data 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 6.59%. The company had revenue of $9.87 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of BV Financial from a "sell" rating to a "hold" rating in a research note on Friday, September 5th.

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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