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

Key Points

• BV Financial has been upgraded by Wall Street Zen from a "sell" to a "hold" rating, indicating a more positive outlook for the stock.
• The company reported $0.38 EPS and a net margin of 21.08% in its latest quarterly earnings, with a revenue of $9.87 million.
• Insider trading activity includes a sale by Director Joseph S. Galli of 15,250 shares, representing a 15.79% decrease in his position.

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

BV Financial Stock Performance

NASDAQ BVFL traded down $0.08 during trading on Friday, hitting $16.66. The stock had a trading volume of 18,059 shares, compared to its average volume of 40,133. The stock has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $15.47. BV Financial has a one year low of $13.53 and a one year high of $18.19. The stock has a market capitalization of $165.60 million, a price-to-earnings ratio of 16.17 and a beta of 0.50.

BV Financial (NASDAQ:BVFL - Get Free Report) last posted 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 6.59%. The firm had revenue of $9.87 million during the quarter.

Insider Buying and Selling at BV Financial

In other news, Director Joseph S. Galli sold 15,250 shares of BV Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total transaction of $246,592.50. Following the completion of the sale, the director owned 81,309 shares of the company's stock, valued at approximately $1,314,766.53. The trade was a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.79% of the company's stock.

Hedge Funds Weigh In On BV Financial

A number of large investors have recently bought and sold shares of BVFL. Dimensional Fund Advisors LP raised its stake 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 buying an additional 16,997 shares in the last quarter. Jane Street Group LLC bought a new position in BV Financial in the fourth quarter worth approximately $412,000. Citadel Advisors LLC raised its stake 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 buying an additional 11,343 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in BV Financial in the fourth quarter worth approximately $148,000. Finally, Millennium Management LLC raised its stake 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 buying an additional 37,401 shares in the last quarter. Institutional investors own 42.65% of the company's stock.

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.