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

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,500 shares, a growth of 14.6% from the December 15th total of 4,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 7,800 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Broadway Financial in a research note on Saturday. They issued a “sell” rating on the stock.

Broadway Financial Trading Down 9.7 %

NASDAQ:BYFC traded down $0.87 during mid-day trading on Friday, hitting $8.07. The company had a trading volume of 9,767 shares, compared to its average volume of 4,996. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The firm has a market cap of $73.47 million, a P/E ratio of 27.81 and a beta of 0.72. The business’s fifty day moving average is $7.20 and its two-hundred day moving average is $6.54.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is currently 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.