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

BV Financial, Inc. (NASDAQ:BVFL) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 17,100 shares, an increase of 17.1% from the October 15th total of 14,600 shares. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Barclays PLC bought a new position in BV Financial in the 3rd quarter worth about $52,000. Covestor Ltd boosted its position in BV Financial by 99.8% during the 1st quarter. Covestor Ltd now owns 4,003 shares of the company’s stock valued at $41,000 after acquiring an additional 1,999 shares in the last quarter. Courier Capital LLC purchased a new stake in BV Financial in the third quarter worth $384,000. Dimensional Fund Advisors LP increased its stake in shares of BV Financial by 43.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,503 shares of the company’s stock worth $351,000 after acquiring an additional 8,866 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of BV Financial by 28.9% during the first quarter. Vanguard Group Inc. now owns 481,762 shares of the company’s stock valued at $4,977,000 after purchasing an additional 108,015 shares in the last quarter. 42.65% of the stock is currently owned by hedge funds and other institutional investors.

BV Financial Stock Performance

Shares of BV Financial stock remained flat at $15.95 during trading on Friday. 37,991 shares of the company traded hands, compared to its average volume of 18,868. The stock has a market capitalization of $181.67 million, a PE ratio of 13.40 and a beta of 0.65. BV Financial has a one year low of $10.14 and a one year high of $16.16. The firm’s 50 day moving average is $15.30 and its 200-day moving average is $13.38.

BV Financial (NASDAQ:BVFL) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.35 earnings per share (EPS) for the quarter. BV Financial had a return on equity of 6.33% and a net margin of 26.18%. The company had revenue of $10.00 million during the quarter.

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.