Short Interest in Broadway Financial Corporation (NASDAQ:BYFC) Expands By 23.9%

Broadway Financial Corporation (NASDAQ:BYFC) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 15,194 shares, a growth of 23.9% from the March 31st total of 12,260 shares. Based on an average daily trading volume, of 1,845 shares, the short-interest ratio is presently 8.2 days. Approximately 0.2% of the company’s stock are short sold.

Broadway Financial Stock Performance

NASDAQ:BYFC traded up $0.16 during trading hours on Friday, reaching $8.11. 7,893 shares of the stock were exchanged, compared to its average volume of 3,503. The company has a quick ratio of 0.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.29. Broadway Financial has a 52 week low of $5.51 and a 52 week high of $8.85. The stock has a market capitalization of $75.46 million, a P/E ratio of -2.95 and a beta of 0.67.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Tuesday, April 28th. The savings and loans company reported $0.09 EPS for the quarter. The company had revenue of $10.15 million for the quarter. Broadway Financial had a positive return on equity of 2.97% and a negative net margin of 31.80%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 409,685 shares of the savings and loans company’s stock after purchasing an additional 65,463 shares during the quarter. Broadway Financial comprises 0.8% of M3F Inc.’s portfolio, making the stock its 23rd largest holding. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Broadway Financial in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Broadway Financial Company Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.