BV Financial (NASDAQ:BVFL) Announces Quarterly Earnings Results

BV Financial (NASDAQ:BVFLGet Free Report) issued its earnings results 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%.

BV Financial Stock Performance

BVFL stock traded up $0.47 during trading on Friday, reaching $21.14. 12,182 shares of the company’s stock were exchanged, compared to its average volume of 17,774. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.19. BV Financial has a 1-year low of $14.60 and a 1-year high of $22.17. The company’s fifty day moving average price is $20.53 and its 200-day moving average price is $19.71. The firm has a market cap of $183.12 million, a PE ratio of 15.26 and a beta of 0.26.

Insider Activity at BV Financial

In other 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 transaction, the director directly owned 3,080 shares of the company’s stock, valued at approximately $61,107.20. This trade represents a 72.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 37,043 shares of company stock worth $738,285 over the last quarter. 15.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BV Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BVFL. Vanguard Group Inc. lifted its stake in shares of BV Financial by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 500,809 shares of the company’s stock worth $8,073,000 after acquiring an additional 4,254 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 101,350 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BV Financial by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 115,505 shares of the company’s stock valued at $2,095,000 after acquiring an additional 7,812 shares during the period. Raymond James Financial Inc. raised its holdings in BV Financial by 2.8% during the third quarter. Raymond James Financial Inc. now owns 84,231 shares of the company’s stock worth $1,358,000 after purchasing an additional 2,314 shares in the last quarter. Finally, Beartown Capital Management LLC bought a new stake in BV Financial during the fourth quarter worth approximately $1,100,000. Institutional investors own 42.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BVFL shares. Weiss Ratings raised BV Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen lowered BV Financial from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Read Our Latest Stock Analysis on BV Financial

About BV Financial

(Get Free Report)

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.

Recommended Stories

Earnings History for BV Financial (NASDAQ:BVFL)

Receive News & Ratings for BV Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BV Financial and related companies with MarketBeat.com's FREE daily email newsletter.