Broadway Financial Co. (NASDAQ:BYFC) Sees Significant Decline in Short Interest

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 7,500 shares, a decrease of 10.7% from the January 15th total of 8,400 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s stock are sold short.

Broadway Financial Stock Up 5.3 %

Shares of BYFC traded up $0.39 during trading hours on Monday, hitting $7.79. The company had a trading volume of 3,504 shares, compared to its average volume of 6,426. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The company’s fifty day moving average price is $7.49 and its two-hundred day moving average price is $6.92. The company has a market capitalization of $70.97 million, a PE ratio of 194.80 and a beta of 0.73. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Investors Weigh In On Broadway Financial

Several institutional investors have recently bought and sold shares of the company. M3F Inc. lifted its holdings in shares of Broadway Financial by 56.7% during the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after purchasing an additional 90,299 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Broadway Financial by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 4,850 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its stake in Broadway Financial by 12.2% in the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after buying an additional 5,566 shares during the last quarter. 12.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Broadway Financial in a research note on Tuesday, February 11th. They set a “sell” rating on the stock.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.