BV Financial, Inc. (BVFL) AI Stock Analysis

• Market Cap: $170.24M
• Dividend Yield: N/A
• Average Volume (3M): 42.03K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 0.52
• Revenue Growth: 4.86%
• EPS Growth: -8.20%
• Country: US
• Employees: 109
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.56
• Shares Outstanding: 8,903,927
• 10 Day Avg. Volume: 24,476
• 30 Day Avg. Volume: 42,032
• PEG Ratio: -0.62
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 3.74
• P/FCF Ratio: 11.90
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 3.90
• Enterprise Value/Gross Profit: 5.16
• Enterprise Value/Ebitda: 12.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $21.00 ▲(15.83% Upside)

The score is driven primarily by solid financial performance—especially strong, improving cash flow and a generally prudent balance sheet—tempered by the post-2023 profitability step-down and some leverage-data inconsistency. Technicals are supportive with an uptrend and positive MACD, though near-term conditions look overbought. Valuation is reasonable but not especially compelling, and no dividend yield was provided.

Positive Factors

Consistent cash generation

Consistently positive operating and free cash flow indicate high earnings quality and internal funding capacity. Over 2–6 months this supports organic loan growth, capital accumulation, and reserve funding without reliance on volatile external financing, enhancing resilience to rate cycles.

Conservative balance sheet and rising capital

A conservatively positioned balance sheet with materially higher equity since 2020 provides regulatory buffers and room to support credit growth. Improved capital cushions loss absorption and enables measured expansion of lending activities while preserving franchise stability over the medium term.

Revenue expansion and healthy margins

Sustained revenue growth and historically healthy net margins demonstrate durable franchise economics. Even with margin variability, expanding top-line supports scale benefits, funds reinvestment and provisioning, and underpins medium-term earnings power if management preserves asset quality.

Negative Factors

Profitability has cooled since 2023

A step-down in net income and margins versus 2023 suggests structural pressure from funding costs, loan mix shifts, or fee compression. If sustained, this can reduce return on equity and limit capital deployment, forcing tighter expense control or repricing to restore returns over the medium term.

Leverage reporting inconsistency

Inconsistent leverage reporting obscures the true balance sheet risk and complicates capital planning. Over months this increases uncertainty for creditors, investors, and regulators, and may mask rising funding or liquidity strains until reconciled and transparently disclosed.

Executive leadership change

The Co-CEO departure introduces governance and strategic continuity risk. While consulting ties mitigate knowledge loss, extended transitional arrangements can delay decisive strategy execution, affecting long-term initiatives, capital allocation, and stakeholder confidence during the leadership transition period.

BV Financial, Inc. Business Overview & Revenue Model

Company Description

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. The company also offers ATM, overdraft, safe deposit, bill pay, remote deposit capture, ACH origination, merchant, and online banking services. The company was founded in 1873 and is headquartered in Baltimore, Maryland. BV Financial, Inc. operates as a subsidiary of Bay-Vanguard, MHC.

How the Company Makes Money

BV Financial, Inc. generates revenue primarily through management fees charged for its investment services and advisory solutions. The company earns a percentage of the assets under management (AUM), which provides a steady stream of income as clients invest their funds through BVFL. Additionally, BVFL may charge performance fees based on the returns generated for clients, creating an incentive for the firm to maximize investment performance. The company also benefits from commissions and fees associated with financial products sold to clients. Strategic partnerships with financial institutions and technology providers enhance BVFL's service offerings and market reach, contributing to its overall revenue growth.

BV Financial, Inc. Financial Statement Overview

Summary

Fundamentals are solid: profitability remains healthy and revenue expanded with a sharp TTM jump. Cash generation is a clear strength with consistently positive operating cash flow and improving TTM free cash flow. Offsetting this, profitability has cooled from the 2023 peak (lower net income and operating margins in 2024/TTM), and TTM leverage metrics show inconsistencies that warrant caution.

Income Statement

BV Financial shows solid profitability with healthy net margins across the period, and revenue has generally expanded, including a sharp jump in TTM (Trailing-Twelve-Months) revenue. However, profitability has cooled from the 2023 peak (net income and operating profit margins are lower in 2024 and TTM), which suggests some margin pressure or less favorable operating conditions despite the top-line strength.

Balance Sheet

The balance sheet is conservatively positioned overall, with moderate leverage in recent annual periods and improving capital base versus earlier years (equity has grown materially since 2020–2021). Returns on equity are positive but have trended down from the higher levels seen in 2021–2022, signaling that incremental capital is generating somewhat lower profitability. Notably, TTM debt-to-equity appears reported as zero despite meaningful total debt, so leverage trend interpretation for TTM should be taken cautiously.

Cash Flow

Cash generation is a key strength: operating cash flow and free cash flow are consistently positive and track net income closely, indicating good earnings quality. Free cash flow improved in TTM (Trailing-Twelve-Months) versus 2024, and long-term free cash flow growth has been strong, though it has been uneven year to year (including a decline in 2022).

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.17M	49.20M	46.99M	38.77M	31.75M	19.88M
Gross Profit	38.68M	37.90M	37.84M	34.30M	27.44M	16.28M
EBITDA	15.43M	17.41M	19.67M	15.60M	13.85M	9.69M
Net Income	10.64M	11.72M	13.71M	10.52M	9.44M	7.64M
Balance Sheet
Total Assets	909.39M	911.82M	885.25M	844.96M	815.13M	817.50M
Cash, Cash Equivalents and Short-Term Investments	40.54M	107.76M	108.52M	101.69M	148.98M	124.45M
Total Debt	35.00M	49.88M	37.25M	49.04M	36.83M	54.66M
Total Liabilities	719.18M	716.32M	686.19M	747.21M	731.68M	743.48M
Stockholders Equity	190.21M	195.50M	199.06M	97.75M	83.45M	74.02M
Cash Flow
Free Cash Flow	19.13M	15.45M	15.04M	9.21M	10.16M	4.65M
Operating Cash Flow	19.52M	16.06M	15.19M	9.71M	10.58M	5.02M
Investing Cash Flow	-48.10M	-32.50M	-35.17M	-27.76M	17.45M	32.33M
Financing Cash Flow	-1.94M	13.19M	25.07M	-24.49M	-8.83M	30.11M

BV Financial, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BVFL, the sentiment is Positive. The current price of 18.13 is below the 20-day moving average (MA) of 18.54, below the 50-day MA of 18.47, and above the 200-day MA of 16.49, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 61.37 is Neutral, neither overbought nor oversold. The STOCH value of 76.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BVFL.

BV Financial, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LARK	75 Outperform	$163.94M	8.79	11.72%	3.01%	12.31%	39.46%
BVFL	72 Outperform	$170.24M	13.47	5.32%	―	4.86%	-8.20%
CZWI	70 Outperform	$175.23M	12.42	7.00%	2.00%	-2.16%	-9.35%
FCAP	70 Outperform	$197.24M	12.05	11.84%	1.96%	11.36%	25.07%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CFBK	67 Neutral	$187.58M	11.69	9.18%	1.16%	2.33%	22.43%
MNSB	54 Neutral	$164.98M	12.18	-2.07%	1.90%	1.92%	-174.59%

BV Financial, Inc. Corporate Events

BV Financial Co-CEO David Flair Resigns, Becomes Consultant

On January 22, 2026, BV Financial, Inc. and BayVanguard Bank entered into a Separation, Consulting and Release Agreement with Co-President and Co-Chief Executive Officer David M. Flair, under which he resigned from all officer and director roles at the company and the bank on that date, and his 2018 employment agreement was terminated. In exchange for a general release and compliance with restrictive covenants, Flair will receive a lump-sum cash payment of $2,142,182, his earned fiscal 2025 bonus, fixed annual benefits of $60,000 under the Salary Continuation Plan, continued coverage under an existing Executive Split Dollar Agreement, and a consulting role through September 7, 2028, during which he will advise the board on strategic plans and, contingent on continued service, vest in substantial restricted stock and stock options, subject to pro rata vesting or forfeiture depending on how the consulting arrangement ends, alongside non-compete, non-solicitation, confidentiality and non-disparagement provisions that remain in effect only while he is a consultant.

The most recent analyst rating on (BVFL) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on BV Financial, Inc. stock, see the BVFL Stock Forecast page.