Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) saw a large increase in short interest in 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. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 1.6 days. Approximately 0.2% of the shares of the stock are short sold.
Broadway Financial Trading Down 1.4 %
Shares of NASDAQ:BYFC traded down $0.10 during mid-day trading on Friday, reaching $7.30. 931 shares of the company were exchanged, compared to its average volume of 4,901. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The firm's 50-day simple moving average is $7.63 and its 200 day simple moving average is $7.14. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46. The firm has a market cap of $66.52 million, a price-to-earnings ratio of 182.55 and a beta of 0.73.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. M3F Inc. grew its stake in Broadway Financial by 56.7% during the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock worth $1,709,000 after purchasing an additional 90,299 shares in the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Broadway Financial by 12.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company's stock valued at $329,000 after purchasing an additional 5,566 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Broadway Financial by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company's stock valued at $148,000 after purchasing an additional 4,850 shares during the last quarter. 12.12% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Broadway Financial in a research note on Friday. They issued a "sell" rating for the company.
Check Out Our Latest Stock Analysis on BYFC
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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