BV Financial (NASDAQ:BVFL) Issues Earnings Results

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

BV Financial Trading Up 2.6%

Shares of BVFL stock traded up $0.54 during trading on Friday, hitting $21.22. 12,182 shares of the stock traded hands, compared to its average volume of 17,774. The firm has a market capitalization of $183.78 million, a P/E ratio of 14.97 and a beta of 0.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s fifty day moving average price is $20.53 and its 200-day moving average price is $19.71. BV Financial has a 52-week low of $14.60 and a 52-week high of $22.17.

Insiders Place Their Bets

In other BV Financial news, Director Joseph S. Galli sold 8,122 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $19.84, for a total transaction of $161,140.48. Following the completion of the sale, the director owned 3,080 shares of the company’s stock, valued at $61,107.20. This trade represents a 72.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 37,043 shares of company stock valued at $738,285 in the last ninety days. Corporate insiders own 15.69% of the company’s stock.

Hedge Funds Weigh In On BV Financial

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings 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 worth $38,000 after purchasing an additional 1,220 shares during the period. Bank of America Corp DE raised 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 valued at $56,000 after buying an additional 3,613 shares during the period. JPMorgan Chase & Co. purchased a new stake in BV Financial in the 2nd quarter valued at about $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in BV Financial in the second quarter valued at about $72,000. Finally, MetLife Investment Management LLC acquired a new position in BV Financial in the fourth quarter valued at about $95,000. Institutional investors and hedge funds own 42.65% of the company’s stock.

Wall Street Analyst Weigh In

BVFL has been the subject of a number of recent research reports. Weiss Ratings raised BV Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Wall Street Zen cut 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.