BV Financial (NASDAQ:BVFL) Shares Down 2.7% – Here’s What Happened

BV Financial, Inc. (NASDAQ:BVFL) fell 2.7% on Monday . The stock 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 daily volume of 19,558 shares. The stock had previously closed at $21.49.

Analyst Upgrades and Downgrades

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

BV Financial Trading Down 2.7%

The company has a market capitalization of $181.08 million, a price-to-earnings ratio of 15.04 and a beta of 0.26. 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 business’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $19.65.

Insiders Place Their Bets

In other BV Financial news, Director Joseph S. Galli sold 3,080 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.82, for a total transaction of $61,045.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 37,043 shares of company stock valued at $738,285 in the last quarter. Company insiders own 15.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in BV Financial by 105.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the company’s stock worth $38,000 after acquiring an additional 1,220 shares during the last quarter. Bank of America Corp DE raised its position in BV Financial by 4,353.0% in the second quarter. Bank of America Corp DE now owns 3,696 shares of the company’s stock valued at $56,000 after purchasing an additional 3,613 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of BV Financial during the second quarter valued at about $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of BV Financial during the second quarter valued at about $72,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of BV Financial during the fourth quarter valued at about $95,000. 42.65% of the stock is currently owned by institutional investors.

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.