Wall Street Zen Downgrades BV Financial (NASDAQ:BVFL) to Sell

Key Points

• Wall Street Zen has downgraded BV Financial (NASDAQ:BVFL) from a "hold" rating to a "sell" rating, indicating a negative outlook for the stock.
• Despite this downgrade, Weiss Ratings has maintained a "hold" rating, suggesting some analysts still see potential stability.
• Insider activity shows Director Joseph S. Galli reduced his holdings by selling 15,250 shares, reflecting a 15.79% decrease in his position.

BV Financial (NASDAQ:BVFL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of BV Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

BV Financial Stock Up 0.5%

Shares of BV Financial stock opened at $14.70 on Friday. BV Financial has a twelve month low of $13.53 and a twelve month high of $18.19. The company has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $15.58. The stock has a market capitalization of $146.12 million, a price-to-earnings ratio of 13.49 and a beta of 0.46.

BV Financial (NASDAQ:BVFL - Get Free Report) last issued its quarterly earnings data on Friday, October 17th. The company reported $0.49 earnings per share for the quarter. BV Financial had a net margin of 21.08% and a return on equity of 6.59%. The business had revenue of $10.03 million during the quarter.

Insider Activity at BV Financial

In other news, Director Joseph S. Galli sold 15,250 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 can be accessed through this hyperlink. Insiders own 11.79% of the company's stock.

Hedge Funds Weigh In On BV Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of BV Financial by 40.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company's stock valued at $683,000 after buying an additional 12,941 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BV Financial in the second quarter valued at approximately $1,248,000. Jane Street Group LLC grew its stake in shares of BV Financial by 74.4% during the first quarter. Jane Street Group LLC now owns 41,727 shares of the company's stock worth $637,000 after buying an additional 17,798 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of BV Financial during the second quarter worth $207,000. Finally, Rhumbline Advisers acquired a new position in shares of BV Financial during the second quarter worth $197,000. 42.65% of the stock is currently owned by institutional investors and hedge funds.

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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