Short Interest in Broadway Financial Corporation (NASDAQ:BYFC) Drops By 19.6%

Broadway Financial Corporation (NASDAQ:BYFC) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 18,894 shares, a decrease of 19.6% from the January 15th total of 23,513 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,230 shares, the days-to-cover ratio is currently 5.8 days. Based on an average daily trading volume, of 3,230 shares, the days-to-cover ratio is currently 5.8 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. grew its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 28.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,222 shares of the savings and loans company’s stock after purchasing an additional 77,015 shares during the quarter. Broadway Financial comprises approximately 0.7% of M3F Inc.’s portfolio, making the stock its 25th largest holding. M3F Inc. owned approximately 3.74% of Broadway Financial worth $2,496,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Broadway Financial in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Broadway Financial Stock Up 0.2%

Shares of BYFC opened at $8.26 on Tuesday. The stock has a 50 day moving average price of $7.48 and a 200 day moving average price of $7.22. Broadway Financial has a one year low of $5.51 and a one year high of $8.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.04 and a current ratio of 1.16. The stock has a market capitalization of $75.83 million, a price-to-earnings ratio of -2.79 and a beta of 0.71.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Friday, February 13th. The savings and loans company reported $0.23 earnings per share for the quarter. Broadway Financial had a positive return on equity of 1.35% and a negative net margin of 36.31%.The company had revenue of $9.04 million for the quarter.

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.