Wall Street Zen Upgrades BV Financial (NASDAQ:BVFL) to Hold

Key Points

• Wall Street Zen has upgraded BV Financial (NASDAQ:BVFL) from a "sell" rating to a "hold" rating, as reported in a recent research report.
• BV Financial reported $0.38 earnings per share for the last quarter, with a revenue of $9.87 million and a net margin of 21.08%.
• Key institutional investors, including Millennium Management and Citadel Advisors, have significantly increased their holdings in BV Financial, reflecting growing interest in the company.

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

BV Financial Price Performance

Shares of BV Financial stock opened at $16.70 on Friday. The stock has a market capitalization of $165.98 million, a P/E ratio of 16.21 and a beta of 0.50. BV Financial has a one year low of $13.53 and a one year high of $18.19. The business's 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $15.42.

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. The firm had revenue of $9.87 million for the quarter. BV Financial had a return on equity of 6.59% and a net margin of 21.08%.

Insiders Place Their Bets

In related news, Director Joseph S. Galli sold 15,250 shares of the company'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 sale, the director directly owned 81,309 shares of the company's stock, valued at $1,314,766.53. This represents a 15.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BV Financial

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in BV Financial by 316.5% in the fourth quarter. Millennium Management LLC now owns 49,219 shares of the company's stock worth $848,000 after acquiring an additional 37,401 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in BV Financial by 57.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,504 shares of the company's stock worth $801,000 after acquiring an additional 16,997 shares in the last quarter. Jane Street Group LLC bought a new stake in BV Financial in the fourth quarter worth $412,000. Citadel Advisors LLC boosted its holdings in BV Financial by 92.7% in the fourth quarter. Citadel Advisors LLC now owns 23,582 shares of the company's stock worth $406,000 after acquiring an additional 11,343 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in BV Financial in the fourth quarter worth $419,000. 42.65% of the stock is owned by institutional investors.

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.

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