BV Financial (NASDAQ:BVFL) Shares Down 0.5% – Here’s Why

Shares of BV Financial, Inc. (NASDAQ:BVFL) were down 0.5% during mid-day trading on Monday . The company traded as low as $20.78 and last traded at $21.24. 8,033 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 11,601 shares. The stock had previously closed at $21.35.

Wall Street Analyst Weigh In

BVFL has been the topic of several analyst reports. Weiss Ratings upgraded BV Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen upgraded BV Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

BV Financial Trading Down 0.5%

The stock has a market cap of $179.90 million, a PE ratio of 13.97 and a beta of 0.28. The company’s 50 day moving average is $21.27 and its 200-day moving average is $20.16.

BV Financial (NASDAQ:BVFL) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.47 earnings per share for the quarter. The company had revenue of $10.01 million during the quarter. BV Financial had a net margin of 25.01% and a return on equity of 9.31%.

Insider Activity at BV Financial

In related news, Director Joseph S. Galli sold 8,122 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $19.84, for a total value of $161,140.48. Following the transaction, the director owned 3,080 shares in the company, valued at approximately $61,107.20. The trade was a 72.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 19,376 shares of company stock valued at $384,679 in the last 90 days. Insiders own 15.69% of the company’s stock.

Institutional Investors Weigh In On BV Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted 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 during the last quarter. California State Teachers Retirement System increased its stake in shares of BV Financial by 418.4% in the second quarter. California State Teachers Retirement System now owns 1,970 shares of the company’s stock worth $42,000 after buying an additional 1,590 shares during the last quarter. Bank of America Corp DE increased its stake 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 worth $56,000 after buying an additional 3,613 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in BV Financial in the second quarter valued at $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in BV Financial in the second quarter valued at $72,000. 42.65% of the stock is currently owned by hedge funds and other institutional investors.

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.