BV Financial (NASDAQ:BVFL) Releases Earnings Results

BV Financial (NASDAQ:BVFL) released its quarterly earnings data on Friday. The company reported $0.47 EPS for the quarter, Zacks reports. BV Financial had a return on equity of 9.02% and a net margin of 23.73%.The company had revenue of $10.01 million for the quarter.

BV Financial Stock Performance

NASDAQ:BVFL opened at $20.48 on Friday. The stock has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $19.71. BV Financial has a 52-week low of $14.60 and a 52-week high of $22.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $177.36 million, a PE ratio of 14.73 and a beta of 0.26.

Insider Activity at BV Financial

In other news, Director Joseph S. Galli sold 8,122 shares of BV Financial stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $19.84, for a total transaction of $161,140.48. Following the transaction, the director directly owned 3,080 shares of the company’s stock, valued at $61,107.20. The trade was a 72.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 37,043 shares of company stock valued at $738,285 over the last 90 days. 15.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On BV Financial

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of BV Financial by 105.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the company’s stock valued at $38,000 after buying an additional 1,220 shares in the last quarter. Bank of America Corp DE lifted its holdings in BV Financial by 4,353.0% in the 2nd quarter. Bank of America Corp DE now owns 3,696 shares of the company’s stock worth $56,000 after purchasing an additional 3,613 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in BV Financial during the 2nd quarter valued at approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of BV Financial in the second quarter worth $72,000. Finally, MetLife Investment Management LLC purchased a new position in BV Financial during the fourth quarter valued at $95,000. 42.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BVFL has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of BV Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen downgraded shares of BV Financial from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

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.