Broadway Financial Co. (NASDAQ:BYFC – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 44,700 shares, a growth of 621.0% from the June 30th total of 6,200 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is presently 3.6 days.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Broadway Financial in a research report on Friday. They set a “sell” rating on the stock.
Read Our Latest Stock Analysis on BYFC
Broadway Financial Stock Performance
Broadway Financial (NASDAQ:BYFC – Get Free Report) last released its earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.92%. The firm had revenue of $11.62 million for the quarter.
Institutional Investors Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 about 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by institutional investors.
About Broadway Financial
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.
Featured Stories
- Five stocks we like better than Broadway Financial
- What are earnings reports?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Top Stocks Investing in 5G Technology
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- How to Invest in Biotech Stocks
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Broadway Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadway Financial and related companies with MarketBeat.com's FREE daily email newsletter.