Short Interest in Broadway Financial Co. (NASDAQ:BYFC) Declines By 7.6%

Broadway Financial Co. (NASDAQ:BYFCGet Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 6,100 shares, a drop of 7.6% from the May 31st total of 6,600 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFCFree Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by institutional investors.

Broadway Financial Stock Down 0.7 %

BYFC traded down $0.04 during mid-day trading on Wednesday, reaching $5.30. 503 shares of the stock were exchanged, compared to its average volume of 5,988. The company has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $5.66. The stock has a market capitalization of $48.39 million, a PE ratio of 17.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.10 and a current ratio of 1.29. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $8.47.

Broadway Financial (NASDAQ:BYFCGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share for the quarter. The business had revenue of $11.62 million for the quarter. Broadway Financial had a net margin of 4.92% and a return on equity of 2.15%.

Analyst Ratings Changes

Separately, started coverage on Broadway Financial in a research report on Tuesday. They set a “sell” rating on the stock.

Check Out Our Latest Stock Analysis on Broadway Financial

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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