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

Key Points

• Wall Street Zen has upgraded BV Financial (NASDAQ:BVFL) from a "sell" to a "hold" rating, indicating a more favorable outlook for the stock.
• Institutional investors are increasingly interested, with Goldman Sachs Group Inc. boosting its stake by 40.6% and other firms also acquiring positions recently.
• BV Financial reported a $0.38 earnings per share for the last quarter, with a net margin of 21.08% and revenue of $9.87 million.

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

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of BV Financial in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

BV Financial Stock Performance

BVFL opened at $15.06 on Friday. BV Financial has a 52-week low of $13.53 and a 52-week high of $18.19. The firm has a market capitalization of $149.70 million, a PE ratio of 14.62 and a beta of 0.46. The business's 50-day simple moving average is $16.27 and its 200 day simple moving average is $15.59.

BV Financial (NASDAQ:BVFL - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.38 earnings per share (EPS) for the quarter. BV Financial had a return on equity of 6.59% and a net margin of 21.08%.The business had revenue of $9.87 million for the quarter.

Insiders Place Their Bets

In other BV Financial news, Director Joseph S. Galli sold 15,250 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 81,309 shares of the company's stock, valued at $1,314,766.53. The trade was a 15.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BV Financial

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in BV Financial by 40.6% during the first quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company's stock worth $683,000 after buying an additional 12,941 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BV Financial during the second quarter worth approximately $1,248,000. Jane Street Group LLC increased its position in 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 bought a new stake in shares of BV Financial during the second quarter worth approximately $207,000. Finally, Rhumbline Advisers bought a new stake in shares of BV Financial during the second quarter worth approximately $197,000. Institutional investors and hedge funds own 42.65% of the company's stock.

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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