Broadway Financial (NASDAQ:BYFC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 0.5 %

NASDAQ:BYFC opened at $7.59 on Thursday. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The company’s 50-day simple moving average is $7.59 and its 200 day simple moving average is $7.08. The firm has a market capitalization of $69.16 million, a P/E ratio of 189.80 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Investors Weigh In On Broadway Financial

Hedge funds have recently bought and sold shares of the business. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial by 12.2% during the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after acquiring an additional 5,566 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after buying an additional 4,850 shares during the last quarter. Finally, M3F Inc. raised its holdings in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock worth $1,709,000 after buying an additional 90,299 shares during the last quarter. 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.