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

BV Financial, Inc. (NASDAQ:BVFL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 143,906 shares, a drop of 25.1% from the December 15th total of 192,090 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 20,228 shares, the days-to-cover ratio is currently 7.1 days. Based on an average daily volume of 20,228 shares, the days-to-cover ratio is currently 7.1 days. Currently, 1.8% of the shares of the stock are short sold.

BV Financial Stock Up 0.1%

BVFL stock opened at $18.44 on Friday. The company has a fifty day simple moving average of $18.23 and a two-hundred day simple moving average of $16.85. BV Financial has a 52 week low of $13.53 and a 52 week high of $19.74. The firm has a market capitalization of $164.19 million, a P/E ratio of 16.92 and a beta of 0.42.

Analyst Ratings Changes

BVFL has been the subject of a number of research analyst reports. Wall Street Zen raised shares of BV Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BV Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On BV Financial

Several large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC purchased a new stake in BV Financial during the second quarter valued at approximately $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of BV Financial during the 2nd quarter valued at approximately $30,000. BNP Paribas Financial Markets raised its holdings in BV Financial by 105.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the company’s stock valued at $38,000 after buying an additional 1,220 shares during the period. Bank of America Corp DE lifted its position in BV Financial by 4,353.0% in the second quarter. Bank of America Corp DE now owns 3,696 shares of the company’s stock worth $56,000 after buying an additional 3,613 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in BV Financial during the second quarter worth $63,000. 42.65% of the stock is owned by institutional investors.

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.