BV Financial, Inc. (NASDAQ:BVFL) Sees Large Decline in Short Interest

BV Financial, Inc. (NASDAQ:BVFL) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 22,500 shares, a decrease of 24.5% from the January 31st total of 29,800 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 0.6 days.

BV Financial Stock Down 1.3 %

Shares of BVFL stock traded down $0.20 during trading hours on Wednesday, reaching $15.40. The company’s stock had a trading volume of 24,957 shares, compared to its average volume of 31,933. BV Financial has a fifty-two week low of $10.14 and a fifty-two week high of $18.19. The firm’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $15.84. The company has a market capitalization of $178.61 million, a price-to-earnings ratio of 14.13 and a beta of 0.61.

BV Financial (NASDAQ:BVFL) last released its quarterly earnings data on Monday, January 27th. The company reported $0.25 earnings per share for the quarter. BV Financial had a return on equity of 6.09% and a net margin of 23.83%.

Institutional Investors Weigh In On BV Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in BV Financial by 20.3% in the 4th quarter. Covestor Ltd now owns 4,817 shares of the company’s stock valued at $83,000 after purchasing an additional 814 shares during the last quarter. Barclays PLC acquired a new position in shares of BV Financial during the third quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BV Financial in the 4th quarter valued at $93,000. Cubist Systematic Strategies LLC acquired a new stake in shares of BV Financial during the 4th quarter valued at $148,000. Finally, Citadel Advisors LLC grew its position in BV Financial by 92.7% during the 4th quarter. Citadel Advisors LLC now owns 23,582 shares of the company’s stock worth $406,000 after acquiring an additional 11,343 shares during the last quarter. 42.65% of the stock is owned by institutional investors.

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.