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

Broadway Financial Co. (NASDAQ:BYFC) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 9,500 shares, an increase of 26.7% from the January 31st total of 7,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 1.6 days.

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $7.40 on Friday. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The firm’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $7.12. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market cap of $67.43 million, a P/E ratio of 185.05 and a beta of 0.73.

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Broadway Financial in a report on Friday. They set a “sell” rating for the company.

Institutional Investors Weigh In On Broadway Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wittenberg Investment Management Inc. raised its position 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 worth $329,000 after acquiring an additional 5,566 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 4,850 shares in the last quarter. Finally, M3F Inc. raised its position in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock worth $1,709,000 after acquiring an additional 90,299 shares in the last quarter. 12.12% of the stock is currently owned by 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.