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

BV Financial, Inc. (NASDAQ:BVFL) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 21,700 shares, a decline of 13.2% from the March 15th total of 25,000 shares. Based on an average trading volume of 18,800 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the shares of the company are short sold.

BV Financial Price Performance

NASDAQ:BVFL traded up $0.40 during trading hours on Tuesday, reaching $10.65. The company had a trading volume of 9,675 shares, compared to its average volume of 18,165. BV Financial has a 1-year low of $9.65 and a 1-year high of $23.60. The firm has a market cap of $121.20 million and a PE ratio of 6.53. The business’s 50 day moving average price is $11.56 and its 200-day moving average price is $12.02.

BV Financial (NASDAQ:BVFL) last announced its quarterly earnings results on Monday, January 22nd. The company reported $0.28 earnings per share (EPS) for the quarter. BV Financial had a return on equity of 9.15% and a net margin of 29.06%. The company had revenue of $9.61 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC raised its stake in shares of BV Financial by 32.4% during the 4th quarter. Citadel Advisors LLC now owns 16,642 shares of the company’s stock worth $236,000 after buying an additional 4,073 shares during the period. BHZ Capital Management LP purchased a new stake in shares of BV Financial during the fourth quarter worth approximately $245,000. Gendell Jeffrey L purchased a new stake in shares of BV Financial during the third quarter worth approximately $1,373,000. Oppenheimer & Close LLC purchased a new stake in shares of BV Financial during the third quarter worth approximately $1,512,000. Finally, Stilwell Value LLC purchased a new stake in shares of BV Financial during the third quarter worth approximately $1,543,000. 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.