BV Financial (NASDAQ:BVFL) Issues Earnings Results

BV Financial (NASDAQ:BVFL) issued its quarterly earnings data on Friday. The company reported $0.47 earnings per share (EPS) for the quarter, Zacks reports. BV Financial had a net margin of 23.73% and a return on equity of 9.02%. The business had revenue of $10.01 million during the quarter.

BV Financial Trading Down 1.0%

Shares of BVFL stock opened at $20.48 on Friday. BV Financial has a 1-year low of $14.60 and a 1-year high of $22.17. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of $177.36 million, a price-to-earnings ratio of 13.47 and a beta of 0.26. The stock has a 50-day moving average of $20.55 and a 200-day moving average of $19.71.

Insider Activity at BV Financial

In related news, Director Joseph S. Galli sold 8,122 shares of BV Financial stock in a transaction that occurred on 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 directly owned 3,080 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders sold 37,043 shares of company stock valued at $738,285 over the last quarter. 15.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BVFL. Goldman Sachs Group Inc. lifted its position in shares of BV Financial by 40.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company’s stock worth $683,000 after purchasing an additional 12,941 shares during the period. Jane Street Group LLC raised its stake in BV Financial by 74.4% during the first quarter. Jane Street Group LLC now owns 41,727 shares of the company’s stock worth $637,000 after buying an additional 17,798 shares during the last quarter. Geode Capital Management LLC raised its stake in BV Financial by 95.5% during the second quarter. Geode Capital Management LLC now owns 207,445 shares of the company’s stock worth $3,160,000 after buying an additional 101,350 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in BV Financial in the second quarter valued at $63,000. Finally, Rhumbline Advisers acquired a new position in BV Financial in the second quarter valued at $197,000. Institutional investors own 42.65% of the company’s stock.

Analyst Ratings Changes

BVFL has been the subject of several recent research reports. Weiss Ratings upgraded shares of BV Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Wall Street Zen lowered shares of BV Financial from a “hold” rating to a “sell” rating in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average 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.