SCHEDULE: Fourthstone Amends BV Financial Stake to 2.99%

Fourthstone LLC and its affiliates have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 2.99% in BV Financial Inc.'s common stock.

Summary

• Fourthstone LLC and its affiliated entities, including Fourthstone Master Opportunity Fund Ltd, Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone, IV, have filed an Amendment No. 2 to Schedule 13G.
• The filing reports beneficial ownership of BV Financial Inc. common stock.
• Fourthstone LLC and L. Phillip Stone, IV, beneficially own 297,624 shares, representing 2.99% of the class.
• Fourthstone Master Opportunity Fund Ltd beneficially owns 221,184 shares, representing 2.23% of the class.
• Fourthstone GP LLC beneficially owns 76,440 shares, representing 0.77% of the class.
• Fourthstone QP Opportunity Fund LP beneficially owns 57,556 shares, representing 0.58% of the class.
• Fourthstone Small-Cap Financials Fund LP beneficially owns 18,884 shares, representing 0.19% of the class.
• The percentages are based on 9,939,490 shares of Common Stock outstanding as of August 7, 2025, according to BV Financial Inc.'s Form 10-Q filed on August 13, 2025.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of BV Financial Inc.

Sentiment

Score: 5

Explanation: The filing is a routine regulatory disclosure of passive beneficial ownership, providing factual information without inherently positive or negative implications for the issuer's performance or outlook.

Positives

• An investment firm, Fourthstone LLC, maintains a significant, albeit passive, stake in BV Financial Inc., indicating continued interest.
• The filing clarifies the ownership structure of Fourthstone's investment in BV Financial Inc.

Negatives

• The filing itself does not contain information that would be considered negative for BV Financial Inc.'s operational or financial performance. It is a regulatory disclosure of ownership.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding BV Financial Inc.'s future performance or strategic direction.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This Schedule 13G filing is a standard regulatory disclosure required when an investor's beneficial ownership of a company's stock exceeds 5% (or 10% for certain institutional investors, or when an amendment is filed). It signals a passive investment intent, differentiating it from a Schedule 13D filing, which indicates an intent to influence or control the company. For BV Financial Inc., it confirms that Fourthstone LLC and its affiliates remain a significant, but passive, institutional shareholder.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of beneficial ownership and does not provide operational or financial results that can be compared to industry benchmarks or specific comparable companies or projects.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake, confirming no immediate intent to influence control.
• Management: Confirms the presence of a large, passive institutional investor, which typically implies a focus on long-term value rather than activist intervention.

Key Dates

Keywords

BV Financial Inc., Fourthstone LLC, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, Financial Services, SEC Filing