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

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

BV Financial Stock Performance

BV Financial stock traded up $0.02 during trading on Friday, reaching $18.44. The company had a trading volume of 8,554 shares, compared to its average volume of 12,694. BV Financial has a 12-month low of $13.53 and a 12-month high of $19.74. The stock’s 50 day moving average price is $18.23 and its two-hundred day moving average price is $16.86. The firm has a market capitalization of $164.12 million, a price-to-earnings ratio of 16.92 and a beta of 0.42.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BVFL. Nisa Investment Advisors LLC acquired a new stake in BV Financial during the second quarter worth about $25,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in BV Financial during the 2nd quarter worth approximately $30,000. BNP Paribas Financial Markets raised its holdings in BV Financial by 105.4% in the third 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% during the second quarter. Bank of America Corp DE now owns 3,696 shares of the company’s stock valued at $56,000 after buying an additional 3,613 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in BV Financial during the second quarter worth approximately $63,000. Institutional investors and hedge funds own 42.65% of the company’s stock.

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.