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

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,000 shares, a decrease of 41.2% from the September 15th total of 6,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 9,900 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Broadway Financial in a research note on Sunday, October 6th. They issued a “sell” rating for the company.

Broadway Financial Price Performance

Shares of BYFC stock traded up $0.09 on Friday, hitting $6.59. 1,152 shares of the company’s stock were exchanged, compared to its average volume of 8,407. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.98. The stock has a market cap of $60.17 million, a P/E ratio of 21.97 and a beta of 0.72. The company has a 50 day moving average of $6.42 and a 200 day moving average of $5.55.

Broadway Financial (NASDAQ:BYFC) last posted its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The company had revenue of $8.19 million for the quarter.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. lifted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.

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.