BV Financial announces share repurchase program

BALTIMORE - BV Financial, Inc. (NASDAQ:BVFL), the parent company of BayVanguard Bank, has launched a stock repurchase initiative, having received approval from the Federal Reserve Bank of Richmond. The program allows for the repurchase of up to 10% of the company’s outstanding common stock, which equates to approximately 10.6 million shares. This move follows the company’s transition from a mutual organization to a stock company with a public offering on July 31, 2023. Currently trading at $13.79 with a market capitalization of $156.31 million, InvestingPro analysis suggests the stock is slightly undervalued. Discover more undervalued opportunities at Investing.com’s Most Undervalued Stocks.

The repurchase is set to begin after the company discloses its financial results for the quarter ending March 31, 2025, with the next earnings report expected on April 22, 2025. The repurchases will be conducted through various methods, including open market transactions, block trades, or under a Rule 10b5-1 trading plan, and will adhere to SEC Rule 10b-18 and other legal requirements. According to InvestingPro data, the company maintains profitability with a P/E ratio of 12.5 and has demonstrated resilience despite a recent stock price decline.

Management will oversee the repurchase process, aiming to buy back shares at what they consider favorable prices and in the best interest of the company and its shareholders. Factors such as market conditions, stock availability, trading prices, alternative capital uses, and financial performance will influence these decisions. However, the company is under no obligation to repurchase any specific number of shares or within a certain timeframe.

The repurchase program is slated to expire on December 31, 2025, unless the Board of Directors decides to extend it, subject to further approval by the Federal Reserve. The company retains the right to alter, suspend, or terminate the repurchase plan at any time due to various factors, including market conditions and investment opportunities.

BV Financial, Inc. is headquartered in Baltimore, Maryland, and operates fifteen branches through its subsidiary, BayVanguard Bank. The bank provides a range of financial services to consumers and businesses in the Baltimore metropolitan area and Maryland’s eastern shore. InvestingPro analysis reveals the company maintains a FAIR overall Financial Health Score of 2.47, with particularly strong metrics in financial health growth and profit scores. Get access to over 30 additional key metrics and insights with InvestingPro’s comprehensive analysis tools.

This repurchase program announcement is based on a press release statement from BV Financial, Inc. and contains forward-looking statements that involve risks and uncertainties. Actual future results may differ materially from those suggested by these statements due to a variety of factors.

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