Broadway Financial Co. (NASDAQ:BYFC – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 6,100 shares, a drop of 7.6% from the May 31st total of 6,600 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Broadway Financial in a research note on Tuesday. They issued a “sell” rating on the stock.
Get Our Latest Stock Report on BYFC
Broadway Financial Stock Down 0.7 %
Broadway Financial (NASDAQ:BYFC – Get Free Report) last announced its earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share for the quarter. Broadway Financial had a net margin of 4.92% and a return on equity of 2.15%. The business had revenue of $11.62 million during the quarter.
Institutional Trading of Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,128 shares of the savings and loans company’s stock after acquiring an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company’s 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.
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