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

BV Financial, Inc. (NASDAQ:BVFL) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 27,700 shares, an increase of 37.8% from the February 28th total of 20,100 shares. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On BV Financial

A number of hedge funds have recently added to or reduced their stakes in BVFL. Barclays PLC bought a new stake in BV Financial in the third quarter worth approximately $52,000. Covestor Ltd boosted its holdings in BV Financial by 20.3% in the fourth quarter. Covestor Ltd now owns 4,817 shares of the company’s stock worth $83,000 after purchasing an additional 814 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in BV Financial during the fourth quarter worth $93,000. Cubist Systematic Strategies LLC bought a new position in BV Financial during the fourth quarter valued at about $148,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of BV Financial in the fourth quarter worth about $260,000. Institutional investors and hedge funds own 42.65% of the company’s stock.

BV Financial Stock Down 1.9 %

BV Financial stock opened at $15.26 on Monday. BV Financial has a 12 month low of $10.16 and a 12 month high of $18.19. The stock has a market cap of $176.99 million, a P/E ratio of 14.00 and a beta of 0.59. The company’s fifty day simple moving average is $15.46 and its 200-day simple moving average is $15.96.

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

About BV Financial

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.