BV Financial, Inc. (NASDAQ:BVFL) Short Interest Down 13.2% in March

BV Financial, Inc. (NASDAQ:BVFL) was the target of a significant decline in short interest in 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. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer & Close LLC bought a new position in BV Financial in the third quarter valued at about $1,512,000. Newtyn Management LLC bought a new position in BV Financial in the third quarter valued at about $8,864,000. Gendell Jeffrey L bought a new position in BV Financial in the third quarter valued at about $1,373,000. Stilwell Value LLC bought a new position in BV Financial in the third quarter valued at about $1,543,000. Finally, Vanguard Group Inc. grew its position in BV Financial by 26.3% in the fourth quarter. Vanguard Group Inc. now owns 373,747 shares of the company’s stock valued at $5,300,000 after acquiring an additional 77,805 shares during the last quarter. Institutional investors and hedge funds own 42.65% of the company’s stock.

BV Financial Price Performance

BVFL stock traded up $0.40 during midday trading on Tuesday, reaching $10.65. The company had a trading volume of 9,675 shares, compared to its average volume of 18,165. The company has a market capitalization of $121.20 million and a price-to-earnings ratio of 6.53. The stock has a 50 day moving average price of $11.56 and a 200-day moving average price of $12.02. BV Financial has a 1-year low of $9.65 and a 1-year high of $23.60.

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

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.