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

BV Financial (NASDAQ:BVFL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

BV Financial Trading Down 0.3%

BV Financial stock opened at $16.70 on Friday. The business’s fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $15.42. BV Financial has a 12 month low of $13.53 and a 12 month high of $18.19. The company has a market capitalization of $165.98 million, a price-to-earnings ratio of 16.21 and a beta of 0.50.

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

Insider Activity

In other news, Director Joseph S. Galli sold 15,250 shares of the company’s stock in a transaction 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 directly 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 document filed with the SEC, which is available through the SEC website. 11.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new position in shares of BV Financial during the second quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of BV Financial during the second quarter valued at $30,000. Bank of America Corp DE lifted its holdings in shares of BV Financial by 4,353.0% during 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 in the last quarter. JPMorgan Chase & Co. bought a new position in shares of BV Financial during the second quarter valued at $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in BV Financial during the second quarter valued at $72,000. 42.65% of the stock is owned by institutional investors.

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.