Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,900 shares, a decline of 30.0% from the November 15th total of 7,000 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company's shares are sold short.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Broadway Financial in a research report on Monday. They set a "sell" rating on the stock.
Check Out Our Latest Analysis on BYFC
Broadway Financial Trading Up 2.7 %
Shares of NASDAQ BYFC traded up $0.19 during trading hours on Friday, hitting $7.22. 6,973 shares of the company traded hands, compared to its average volume of 8,454. The stock has a market capitalization of $65.77 million, a price-to-earnings ratio of 24.90 and a beta of 0.72. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The company's 50 day moving average price is $6.89 and its 200 day moving average price is $6.15. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The business had revenue of $8.75 million for the quarter.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,117 shares of the savings and loans company's stock after acquiring an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.
Broadway Financial Company Profile
(
Get Free Report)
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.
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