BV Financial (NASDAQ:BVFL) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

BV Financial (NASDAQ:BVFL – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

BV Financial Trading Down 0.6%

Shares of BVFL stock opened at $16.57 on Friday. The company has a market capitalization of $164.69 million, a P/E ratio of 16.09 and a beta of 0.50. The business’s 50 day moving average is $16.13 and its two-hundred day moving average is $15.47. BV Financial has a 12-month low of $13.53 and a 12-month high of $18.19.

BV Financial (NASDAQ:BVFL – Get Free Report) last issued its quarterly 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 company had revenue of $9.87 million for the quarter.

Insider Activity at BV Financial

In other BV Financial news, Director Joseph S. Galli sold 15,250 shares of the 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 completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.79% of the stock is owned by insiders.

Hedge Funds Weigh In On BV Financial

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of BV Financial by 4,353.0% in the second quarter. Bank of America Corp DE now owns 3,696 shares of the company’s stock valued at $56,000 after purchasing an additional 3,613 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BV Financial in the second quarter valued at approximately $1,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of BV Financial in the second quarter valued at approximately $72,000. Marshall Wace LLP acquired a new stake in shares of BV Financial in the second quarter valued at approximately $207,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of BV Financial in the second quarter valued at approximately $167,000. Institutional investors and hedge funds own 42.65% of the company’s stock.

About BV Financial

(Get Free Report)

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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