Short Interest in BV Financial, Inc. (NASDAQ:BVFL) Grows By 15.0%

BV Financial, Inc. (NASDAQ:BVFL) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 136,105 shares, an increase of 15.0% from the February 12th total of 118,345 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 9,846 shares, the days-to-cover ratio is currently 13.8 days. Based on an average daily volume of 9,846 shares, the days-to-cover ratio is currently 13.8 days. Approximately 1.7% of the company’s shares are short sold.

BV Financial Stock Down 1.8%

NASDAQ:BVFL opened at $18.50 on Thursday. BV Financial has a 12-month low of $13.53 and a 12-month high of $19.88. The firm has a market capitalization of $164.65 million, a P/E ratio of 12.59 and a beta of 0.44. The stock’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $17.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of BV Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Insider Buying and Selling

In other BV Financial news, Director Joseph S. Galli sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $19.63, for a total transaction of $29,445.00. Following the completion of the sale, the director directly owned 20,933 shares of the company’s stock, valued at approximately $410,914.79. The trade was a 6.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BV Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beartown Capital Management LLC acquired a new position in BV Financial in the fourth quarter valued at about $1,100,000. Empowered Funds LLC increased its holdings in shares of BV Financial by 11.8% in the fourth quarter. Empowered Funds LLC now owns 18,747 shares of the company’s stock worth $340,000 after acquiring an additional 1,983 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of BV Financial by 10.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,747 shares of the company’s stock worth $394,000 after purchasing an additional 1,983 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of BV Financial by 12.3% during the 4th quarter. Panagora Asset Management Inc. now owns 28,285 shares of the company’s stock valued at $513,000 after purchasing an additional 3,097 shares in the last quarter. Finally, Saber Capital Managment LLC bought a new position in shares of BV Financial during the 4th quarter valued at about $622,000. Institutional investors own 42.65% of the company’s stock.

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.