Short Interest in BV Financial, Inc. (NASDAQ:BVFL) Drops By 25.1%

BV Financial, Inc. (NASDAQ:BVFL) saw a significant drop in short interest during 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. 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 company are short sold. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 20,228 shares, the days-to-cover ratio is currently 7.1 days.

BV Financial Price Performance

Shares of BVFL stock opened at $18.44 on Monday. The firm has a fifty day moving average price of $18.23 and a 200-day moving average price of $16.87. The company has a market cap of $164.12 million, a price-to-earnings ratio of 16.92 and a beta of 0.42. BV Financial has a 1 year low of $13.53 and a 1 year high of $19.74.

Institutional Investors Weigh In On BV Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of BV Financial by 40.6% in the first quarter. Goldman Sachs Group Inc. now owns 44,779 shares of the company’s stock worth $683,000 after purchasing an additional 12,941 shares during the period. Jane Street Group LLC lifted its stake in shares of BV Financial by 74.4% during the 1st quarter. Jane Street Group LLC now owns 41,727 shares of the company’s stock valued at $637,000 after buying an additional 17,798 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of BV Financial during the 2nd quarter valued at $25,000. Geode Capital Management LLC boosted its holdings in BV Financial by 95.5% in the 2nd quarter. Geode Capital Management LLC now owns 207,445 shares of the company’s stock worth $3,160,000 after buying an additional 101,350 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in BV Financial in the 2nd quarter worth $30,000. Institutional investors own 42.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BVFL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of BV Financial in a report on Monday, December 29th. Wall Street Zen upgraded BV Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.