BV Financial (NASDAQ:BVFL) Posts Quarterly Earnings Results

BV Financial (NASDAQ:BVFL) issued its earnings results on Friday. The company reported $0.40 earnings per share (EPS) for the quarter, Zacks reports. BV Financial had a net margin of 25.74% and a return on equity of 8.66%.

BV Financial Stock Performance

Shares of BV Financial stock traded down $0.37 during trading on Friday, hitting $19.67. 501 shares of the company’s stock traded hands, compared to its average volume of 16,136. BV Financial has a 1 year low of $14.05 and a 1 year high of $20.48. The business has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $18.34. The stock has a market capitalization of $172.11 million, a P/E ratio of 13.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.20.

Insiders Place Their Bets

In other news, Director Joseph S. Galli sold 1,500 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $19.63, for a total transaction of $29,445.00. Following the transaction, the director directly owned 20,933 shares of the company’s stock, valued at $410,914.79. This represents a 6.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 15.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of BV Financial by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the company’s stock worth $38,000 after buying an additional 1,220 shares during the last quarter. Bank of America Corp DE increased its holdings in BV Financial by 4,353.0% during the second 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 last quarter. JPMorgan Chase & Co. bought a new position in BV Financial in the second quarter worth approximately $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of BV Financial during the 2nd quarter worth $72,000. Finally, MetLife Investment Management LLC purchased a new position in shares of BV Financial during the 4th quarter worth $95,000. 42.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of BV Financial in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

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.