BV Financial (NASDAQ:BVFL) Shares Down 2.7% – Should You Sell?

BV Financial, Inc. (NASDAQ:BVFL)’s share price dropped 2.7% during trading on Monday . The company traded as low as $19.56 and last traded at $20.91. 17,369 shares changed hands during trading, a decline of 11% from the average session volume of 19,558 shares. The stock had previously closed at $21.49.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BVFL. Weiss Ratings raised shares of 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 note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, BV Financial presently has an average rating of “Buy”.

BV Financial Price Performance

The company has a fifty day simple moving average of $20.50 and a two-hundred day simple moving average of $19.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $178.74 million, a price-to-earnings ratio of 14.85 and a beta of 0.26.

Insider Buying and Selling

In related news, Director Joseph S. Galli sold 8,122 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $19.84, for a total transaction of $161,140.48. Following the transaction, the director directly owned 3,080 shares in the company, valued at approximately $61,107.20. This represents a 72.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.

Institutional Trading of BV Financial

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

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.