Broadway Financial Co. (NASDAQ:BYFC – Get Rating) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 61,000 shares, a decrease of 15.4% from the March 31st total of 72,100 shares. Based on an average daily volume of 109,900 shares, the days-to-cover ratio is currently 0.6 days.

Broadway Financial Trading Down 2.7 %

BYFC traded down $0.03 on Friday, reaching $0.89. 122,983 shares of the company's stock were exchanged, compared to its average volume of 62,457. The company's 50 day moving average is $1.11 and its 200-day moving average is $1.08. The company has a market cap of $65.44 million, a price-to-earnings ratio of 11.13 and a beta of 0.74. Broadway Financial has a twelve month low of $0.83 and a twelve month high of $1.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.03 and a current ratio of 1.02.

Broadway Financial (NASDAQ:BYFC – Get Rating) last issued its quarterly earnings data on Friday, February 10th. The savings and loans company reported $0.02 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 14.99% and a return on equity of 4.27%. The company had revenue of $9.33 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Broadway Financial in a research report on Thursday. They set a "sell" rating for the company.

Institutional Trading of Broadway Financial

Several large investors have recently bought and sold shares of BYFC. Virtu Financial LLC acquired a new stake in Broadway Financial in the first quarter valued at approximately $37,000. Susquehanna International Group LLP acquired a new stake in Broadway Financial in the fourth quarter valued at approximately $62,000. Jane Street Group LLC acquired a new stake in Broadway Financial in the second quarter valued at approximately $64,000. State Street Corp grew its position in Broadway Financial by 94.9% in the first quarter. State Street Corp now owns 77,814 shares of the savings and loans company's stock valued at $124,000 after acquiring an additional 37,896 shares in the last quarter. Finally, BlackRock Inc. grew its position in Broadway Financial by 13.0% in the first quarter. BlackRock Inc. now owns 98,407 shares of the savings and loans company's stock valued at $157,000 after acquiring an additional 11,321 shares in the last quarter. Institutional investors and hedge funds own 12.81% of the company's stock.

Broadway Financial Company Profile

(Get Rating)

Broadway Financial Corp. is a bank holding company, which engages in attracting deposits from the public through its subsidiary. The company was founded in September 1995 and is headquartered in Los Angeles, CA.

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