Short Interest in Broadway Financial Co. (NASDAQ:BYFC) Drops By 21.7%

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 7,200 shares, a decline of 21.7% from the March 31st total of 9,200 shares. Approximately 0.2% of the company's shares are sold short. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its holdings in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,450 shares of the savings and loans company's stock after acquiring an additional 90,299 shares during the period. Broadway Financial comprises about 0.5% of M3F Inc.'s investment portfolio, making the stock its 25th largest holding. M3F Inc. owned about 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

Broadway Financial Trading Up 2.2 %

Shares of Broadway Financial stock traded up $0.14 during trading on Tuesday, hitting $6.64. 37,221 shares of the company were exchanged, compared to its average volume of 8,672. 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 has a market capitalization of $60.56 million, a P/E ratio of 166.04 and a beta of 0.73. The firm's fifty day moving average price is $6.83 and its 200 day moving average price is $7.13. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $8.33 million for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Broadway Financial in a research report on Friday. They issued a "sell" rating on the stock.

Broadway Financial Company Profile

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.