Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 7,200 shares, a decrease of 21.7% from the March 31st total of 9,200 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP grew its holdings in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,559 shares of the savings and loans company's stock after acquiring an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Broadway Financial worth $148,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.12% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Broadway Financial in a research report on Friday. They set a "sell" rating for the company.
Check Out Our Latest Stock Analysis on Broadway Financial
Broadway Financial Stock Up 0.8 %
Broadway Financial stock traded up $0.05 during mid-day trading on Friday, reaching $6.45. The stock had a trading volume of 9,292 shares, compared to its average volume of 8,562. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The company has a market capitalization of $58.83 million, a price-to-earnings ratio of 161.32 and a beta of 0.73. The company has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $7.13. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14.
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 for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The company had revenue of $8.33 million for the quarter.
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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