Short Interest in BV Financial, Inc. (NASDAQ:BVFL) Increases By 55.3%

BV Financial, Inc. (NASDAQ:BVFL) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 14,600 shares, an increase of 55.3% from the September 30th total of 9,400 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 20,500 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BV Financial

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of BV Financial by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 481,762 shares of the company’s stock valued at $4,977,000 after acquiring an additional 108,015 shares during the last quarter. Covestor Ltd increased its holdings in BV Financial by 99.8% in the first quarter. Covestor Ltd now owns 4,003 shares of the company’s stock valued at $41,000 after purchasing an additional 1,999 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in BV Financial by 43.0% in the second quarter. Dimensional Fund Advisors LP now owns 29,503 shares of the company’s stock valued at $351,000 after buying an additional 8,866 shares during the period. Finally, Courier Capital LLC bought a new position in BV Financial during the third quarter worth about $384,000. 42.65% of the stock is currently owned by institutional investors and hedge funds.

BV Financial Price Performance

Shares of BVFL stock opened at $15.53 on Tuesday. BV Financial has a one year low of $9.96 and a one year high of $15.67. The stock has a fifty day moving average price of $14.89 and a 200 day moving average price of $12.90. The stock has a market cap of $176.67 million, a P/E ratio of 11.17 and a beta of 0.64.

BV Financial (NASDAQ:BVFL) last issued its earnings results on Monday, October 21st. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $10.00 million during the quarter. BV Financial had a return on equity of 6.32% and a net margin of 26.08%.

BV Financial Company 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.