Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Down 21.9% in February

Broadway Financial Corporation (NASDAQ:BYFC) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 14,757 shares, a drop of 21.9% from the January 29th total of 18,894 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,575 shares, the short-interest ratio is presently 5.7 days. Based on an average daily volume of 2,575 shares, the short-interest ratio is presently 5.7 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its stake in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the period. Broadway Financial accounts for 0.8% of M3F Inc.’s holdings, making the stock its 23rd largest holding. M3F Inc. owned approximately 4.46% of Broadway Financial worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Broadway Financial Stock Up 2.0%

NASDAQ BYFC opened at $8.01 on Wednesday. The business has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $7.23. The stock has a market capitalization of $73.53 million, a PE ratio of -2.71 and a beta of 0.73. Broadway Financial has a fifty-two week low of $5.51 and a fifty-two week high of $8.85. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 0.03.

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.