BV Financial (NASDAQ:BVFL) Issues Earnings Results

BV Financial (NASDAQ:BVFL) announced its quarterly earnings results on Friday. The company reported $0.47 EPS for the quarter, FiscalAI reports. BV Financial had a return on equity of 9.31% and a net margin of 25.01%.

BV Financial Stock Performance

BVFL stock traded down $0.22 during mid-day trading on Friday, reaching $22.35. 13,860 shares of the stock traded hands, compared to its average volume of 18,910. BV Financial has a one year low of $15.84 and a one year high of $22.59. The stock has a market capitalization of $189.27 million, a PE ratio of 14.70 and a beta of 0.30. The business has a 50-day moving average price of $21.39 and a two-hundred day moving average price of $20.77.

Institutional Investors Weigh In On BV Financial

A number of hedge funds have recently modified their holdings of BVFL. Bank of New York Mellon Corp acquired a new position in BV Financial in the 2nd quarter valued at about $418,000. Bank of America Corp DE raised its position in shares of BV Financial by 10.4% during the 1st quarter. Bank of America Corp DE now owns 23,771 shares of the company’s stock valued at $455,000 after buying an additional 2,236 shares during the period. Empowered Funds LLC lifted its holdings in BV Financial by 9.7% in the first quarter. Empowered Funds LLC now owns 20,571 shares of the company’s stock valued at $394,000 after acquiring an additional 1,824 shares during the last quarter. Dimensional Fund Advisors LP grew its position in BV Financial by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 120,933 shares of the company’s stock worth $2,315,000 after acquiring an additional 5,428 shares during the period. Finally, Hsbc Holdings PLC raised its position in BV Financial by 68.3% in the first quarter. Hsbc Holdings PLC now owns 37,923 shares of the company’s stock valued at $733,000 after purchasing an additional 15,384 shares during the period. Hedge funds and other institutional investors own 42.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of BV Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of BV Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy”.

About BV Financial

BV Financial, Inc (NASDAQ: BVFL) is the bank holding company for BayVanguard Bank, a community banking institution headquartered in Baltimore, Maryland. Through BayVanguard Bank, the company provides financial products and services to individuals, families, businesses and nonprofit organizations in its Maryland service area.

The bank’s offerings include deposit accounts, checking and savings products, certificates of deposit, residential mortgage loans, commercial real estate financing, commercial and industrial loans, construction lending, home equity products and consumer loans.