Goldman Sachs Group Inc. Buys 12,941 Shares of BV Financial, Inc. $BVFL

Goldman Sachs Group Inc. grew its stake in BV Financial, Inc. (NASDAQ:BVFL) by 40.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,779 shares of the company’s stock after acquiring an additional 12,941 shares during the period. Goldman Sachs Group Inc. owned 0.43% of BV Financial worth $683,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Citadel Advisors LLC grew its stake in BV Financial by 92.7% in the 4th quarter. Citadel Advisors LLC now owns 23,582 shares of the company’s stock worth $406,000 after acquiring an additional 11,343 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BV Financial during the fourth quarter valued at approximately $412,000. Finally, Millennium Management LLC boosted its stake in shares of BV Financial by 316.5% during the fourth quarter. Millennium Management LLC now owns 49,219 shares of the company’s stock valued at $848,000 after purchasing an additional 37,401 shares in the last quarter. 42.65% of the stock is currently owned by institutional investors.

Insider Activity at BV Financial

In other news, Director Joseph S. Galli sold 15,250 shares of BV Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $16.17, for a total transaction of $246,592.50. Following the completion of the sale, the director directly owned 81,309 shares in the company, valued at approximately $1,314,766.53. The trade was a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.79% of the company’s stock.

BV Financial Stock Down 0.8%

Shares of BVFL opened at $16.59 on Thursday. The company has a market cap of $164.90 million, a price-to-earnings ratio of 16.11 and a beta of 0.50. BV Financial, Inc. has a twelve month low of $13.53 and a twelve month high of $18.19. The company has a 50 day moving average of $16.29 and a two-hundred day moving average of $15.54.

BV Financial (NASDAQ:BVFL) last announced its earnings results on Thursday, July 17th. The company reported $0.38 earnings per share for the quarter. The company had revenue of $9.87 million during the quarter. BV Financial had a net margin of 21.08% and a return on equity of 6.59%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of BV Financial from a “hold” rating to a “sell” rating in a research note on Sunday.

BV Financial Profile

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.