November 28, 2016 - By Nellie Frank · 0 Comments
The stock of Broadway Financial Corporation (NASDAQ:BYFC) registered a decrease of 7.69% in short interest. BYFC’s total short interest was 4,800 shares in November as published by FINRA. Its down 7.69% from 5,200 shares, reported previously. With 1,100 shares average volume, it will take short sellers 4 days to cover their BYFC’s short positions. The short interest to Broadway Financial Corporation’s float is 0.09%. About 965 shares traded hands. Broadway Financial Corp (NASDAQ:BYFC) has declined 20.50% since April 25, 2016 and is downtrending. It has underperformed by 26.51% the S&P500.
Broadway Financial Corporation is a savings and loan holding company. The company has a market cap of $34.03 million. The Firm is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. . It has a 6.72 P/E ratio. The Bank is a community-oriented savings institution.
Insitutional Activity: The institutional sentiment increased to 7 in 2016 Q2. Its up 6.00, from 1 in 2016Q1. The ratio increased, as 1 funds sold all Broadway Financial Corp shares owned while 1 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 1.72 million shares or 53.48% less from 3.71 million shares in 2016Q1.
Acadian Asset Mgmt Limited Liability Corp holds 0% or 407 shares in its portfolio. Grace And White has invested 0.55% of its portfolio in Broadway Financial Corp (NASDAQ:BYFC). Moreover, Morgan Stanley has 0% invested in Broadway Financial Corp (NASDAQ:BYFC) for 331 shares. Us National Bank & Trust De accumulated 375,001 shares or 0% of the stock. Blackrock Fund Advisors holds 965 shares or 0% of its portfolio.
Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Firm is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank is a community-oriented savings institution. The Bank’s business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties with over five or more units (multi-family); commercial real estate, and residential properties with one-to four-units (single family). The Bank operates over two retail-banking offices in Los Angeles and one in the city of Inglewood, California.
More notable recent Broadway Financial Corp (NASDAQ:BYFC) news were published by: Latimes.com which released: “Broadway Financial banks on customers in underserved areas of LA” on February 09, 2015, also Businesswire.com with their article: “Broadway Financial Corporation Announces Termination of the Order to Cease and …” published on February 09, 2016, Businesswire.com published: “Broadway Financial Corporation Announces Profit for 3rd Quarter” on November 01, 2016. More interesting news about Broadway Financial Corp (NASDAQ:BYFC) were released by: Equitiesfocus.com and their article: “Broadway Financial Corporation (NASDAQ:BYFC) Quarterly EPS From Continuing …” published on November 28, 2016 as well as Businesswire.com‘s news article titled: “Broadway Financial Corporation Announces Rescission of the Consent Order by …” with publication date: November 30, 2015.
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By Nellie Frank