BV Financial (NASDAQ:BVFL) Releases Quarterly Earnings Results

BV Financial (NASDAQ:BVFL) announced its quarterly earnings results on Friday. The company reported $0.47 EPS for the quarter, FiscalAI reports. The company had revenue of $9.76 million during the quarter. BV Financial had a return on equity of 9.31% and a net margin of 25.01%.

BV Financial Stock Performance

BV Financial stock traded down $0.52 during mid-day trading on Friday, reaching $22.05. The company’s stock had a trading volume of 10,650 shares, compared to its average volume of 18,769. The company has a market capitalization of $186.76 million, a price-to-earnings ratio of 14.51 and a beta of 0.30. BV Financial has a 12 month low of $15.84 and a 12 month high of $22.70. The business’s 50 day simple moving average is $21.40 and its 200 day simple moving average is $20.78.

Hedge Funds Weigh In On BV Financial

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in BV Financial during the second quarter worth about $418,000. Hsbc Holdings PLC grew its stake 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BV Financial by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 120,933 shares of the company’s stock worth $2,315,000 after purchasing an additional 5,428 shares during the last quarter. Bank of America Corp DE increased 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 worth $455,000 after purchasing an additional 2,236 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of BV Financial by 9.7% during the 1st quarter. Empowered Funds LLC now owns 20,571 shares of the company’s stock worth $394,000 after purchasing an additional 1,824 shares in the last quarter. Institutional investors own 42.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of BV Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded 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.com, the stock has an average rating of “Buy”.

About BV Financial

BV Financial, Inc (NASDAQ: BVFL) is a bank holding company for BayVanguard Bank, a community bank headquartered in Baltimore, Maryland. Through its banking subsidiary, the company provides financial services to individuals, families, small businesses and commercial customers.

BayVanguard Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and other traditional banking services. Its lending activities include residential and commercial real estate loans, construction and land-development financing, commercial business loans and consumer loans.

Founded in 1873, BayVanguard Bank has a longstanding presence in Maryland and serves customers through community banking offices and digital banking services.