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

Wall Street Zen lowered shares of BV Financial (NASDAQ:BVFL) from a hold rating to a sell rating in a research report report published on Sunday.

BV Financial Stock Performance

NASDAQ:BVFL opened at $16.72 on Friday. The stock has a 50-day simple moving average of $16.27 and a two-hundred day simple moving average of $15.53. The firm has a market capitalization of $166.18 million, a PE ratio of 16.23 and a beta of 0.50. BV Financial has a 52-week low of $13.53 and a 52-week high of $18.19.

BV Financial (NASDAQ:BVFL) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.38 earnings per share 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 Buying and Selling at BV Financial

In other BV Financial news, Director Joseph S. Galli sold 15,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total value of $246,592.50. Following the completion of the transaction, the director directly owned 81,309 shares in the company, valued at $1,314,766.53. This represents a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BVFL. Nisa Investment Advisors LLC purchased a new stake in BV Financial in the 2nd quarter worth $25,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of BV Financial in the second quarter valued at about $30,000. Bank of America Corp DE boosted 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 acquiring an additional 3,613 shares during the period. JPMorgan Chase & Co. bought a new position in shares of BV Financial in the second quarter worth about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of BV Financial during the second quarter worth about $72,000. Institutional investors 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.