Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 4,900 shares, a drop of 30.0% from the November 15th total of 7,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,500 shares, the short-interest ratio is presently 0.6 days.

Broadway Financial Price Performance

BYFC traded up $0.19 during trading on Friday, reaching $7.22. 6,975 shares of the stock were exchanged, compared to its average volume of 8,454. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The company has a market capitalization of $65.77 million, a price-to-earnings ratio of 24.90 and a beta of 0.72. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99. The business’s 50 day moving average price is $6.89 and its two-hundred day moving average price is $6.16.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The business had revenue of $8.75 million during the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the quarter. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Broadway Financial in a research note on Monday, December 9th. They set a “sell” rating on the stock.

About Broadway Financial

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.