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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report released on Saturday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

NASDAQ BYFC opened at $7.46 on Friday. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The business has a fifty day moving average of $7.66 and a 200-day moving average of $7.14. The stock has a market cap of $67.98 million, a price-to-earnings ratio of 186.55 and a beta of 0.73.

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

Institutional Trading of Broadway Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Broadway Financial by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 4,850 shares during the period. Wittenberg Investment Management Inc. increased its stake in Broadway Financial by 12.2% in the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after purchasing an additional 5,566 shares during the last quarter. Finally, M3F Inc. lifted its position in Broadway Financial by 56.7% during 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 period. 12.12% of the stock is owned by hedge funds and other institutional investors.

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.