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BALTIMORE—Joseph S. Galli, a director at BV Financial, Inc. (NASDAQ:BVFL), recently sold a series of common stock transactions totaling $48,694. These transactions took place on May 19 and May 20, according to a filing with the Securities and Exchange Commission. The sales come as BV Financial, with a market capitalization of $167 million, trades slightly below its InvestingPro Fair Value, suggesting potential upside.
Galli sold a total of 2,881 shares of BV Financial common stock, with prices ranging from $15.7908 to $15.85 per share. The sales were executed through various accounts, including by his spouse’s IRA and his Roth IRA. Despite this insider sale, InvestingPro data shows management has been actively buying back shares, with the stock delivering a robust 49% return over the past year.
As of the latest transactions, Galli’s direct and indirect holdings in BV Financial remain substantial, with significant shares held across different accounts, including retirement and IRA plans. The company maintains a strong financial health score according to InvestingPro, which offers 12 additional investment tips for BVFL subscribers.
In other recent news, BV Financial, Inc. disclosed the results of its annual stockholder meeting, where several directors were elected for a three-year term. Stockholders approved the ratification of Forvis Mazars, LLP as the independent registered public accounting firm for the year ending December 31, 2025. The company also announced a share repurchase program, approved by the Federal Reserve Bank of Richmond, allowing for the repurchase of up to 10% of its outstanding common stock. This initiative will commence after the disclosure of financial results for the quarter ending March 31, 2025, and could involve various methods such as open market transactions and block trades. The repurchase program is scheduled to expire on December 31, 2025, unless extended by the Board of Directors. Management will oversee the repurchase process, considering factors like market conditions and trading prices. BV Financial retains the right to alter or terminate the plan based on market conditions and investment opportunities. These developments reflect the company’s strategic initiatives and stockholder decisions.
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