BV Financial, Inc. (NASDAQ:BVFL) Sees Significant Increase in Short Interest

BV Financial, Inc. (NASDAQ:BVFL) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 17,900 shares, an increase of 14.7% from the November 15th total of 15,600 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 47,100 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BV Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 worth $4,977,000 after acquiring an additional 108,015 shares during the last quarter. Fourthstone LLC boosted its holdings in shares of BV Financial by 161.1% during the 3rd quarter. Fourthstone LLC now owns 567,778 shares of the company’s stock worth $8,715,000 after buying an additional 350,325 shares during the period. Courier Capital LLC acquired a new position in BV Financial in the 3rd quarter valued at about $384,000. Dimensional Fund Advisors LP raised its holdings in BV Financial by 43.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,503 shares of the company’s stock valued at $351,000 after acquiring an additional 8,866 shares during the period. Finally, Barclays PLC acquired a new stake in BV Financial during the third quarter worth approximately $52,000. 42.65% of the stock is owned by institutional investors.

BV Financial Price Performance

BVFL traded down $0.22 during trading on Friday, reaching $17.70. The company had a trading volume of 46,311 shares, compared to its average volume of 23,458. BV Financial has a 12 month low of $10.14 and a 12 month high of $17.95. The business’s fifty day moving average price is $16.11 and its 200 day moving average price is $14.33. The company has a market cap of $205.28 million, a P/E ratio of 14.87 and a beta of 0.69.

BV Financial (NASDAQ:BVFL) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.35 earnings per share for the quarter. The company had revenue of $10.00 million during the quarter. BV Financial had a net margin of 26.18% and a return on equity of 6.27%.

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.