Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Update

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Broadway Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial currently has a consensus rating of “Sell”.

Broadway Financial Stock Up 1.7%

Shares of NASDAQ BYFC traded up $0.13 during mid-day trading on Thursday, hitting $7.90. The company had a trading volume of 4,780 shares, compared to its average volume of 3,425. The company has a market capitalization of $73.47 million, a PE ratio of -2.65 and a beta of 0.67. The firm has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $7.29. The company has a current ratio of 1.03, a quick ratio of 0.02 and a debt-to-equity ratio of 0.64. Broadway Financial has a one year low of $5.51 and a one year high of $8.85.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, April 28th. The savings and loans company reported $0.09 earnings per share for the quarter. The company had revenue of $10.15 million during the quarter. Broadway Financial had a positive return on equity of 1.26% and a negative net margin of 36.37%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. lifted its position in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the quarter. Broadway Financial comprises approximately 0.8% of M3F Inc.’s holdings, making the stock its 23rd biggest position. M3F Inc. owned approximately 4.46% of Broadway Financial worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.12% of the company’s stock.

About Broadway Financial

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.