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

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

BV Financial Stock Performance

Shares of NASDAQ BVFL opened at $15.26 on Tuesday. BV Financial has a 52-week low of $10.16 and a 52-week high of $18.19. The business has a fifty day moving average of $15.42 and a two-hundred day moving average of $15.96. The stock has a market cap of $176.99 million, a PE ratio of 14.00 and a beta of 0.59.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BVFL. Point72 Asia Singapore Pte. Ltd. bought a new position in BV Financial in the 4th quarter valued at $93,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of BV Financial in the fourth quarter valued at $260,000. Millennium Management LLC raised its holdings in shares of BV Financial by 316.5% in the fourth quarter. Millennium Management LLC now owns 49,219 shares of the company’s stock valued at $848,000 after buying an additional 37,401 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in BV Financial during the 4th quarter worth about $148,000. Finally, Citadel Advisors LLC lifted 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 buying an additional 11,343 shares in the last quarter. 42.65% of the stock is owned by institutional investors and hedge funds.

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.