Why Broadway Financial's Stock Is Trading Higher Today

Broadway Financial (NASDAQ: BYFC) shares are trading higher as interest in black-owned businesses spiked amongst protests against police brutality. 

Publicly-traded black-owned businesses, or businesses that have a focus majority-black areas have been increasingly volatile recently. Carver Bancorp (NASDAQ: CARV) and Urban One (NASDAQ: UONE) (NASDAQ: UONEK) are examples of companies that have seen increased interest. 

Broadway Financial Corp is active in the financial services domain. It is a savings and loan holding company in the United States. 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 and commercial real estate. 

Broadway Financial shares are trading 295% higher at $6.75 at time of publication on Friday. The stock has a 52-week high of $6.88 and a 52-week low of $1.04.