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

Analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report released on Sunday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Down 4.0 %

NASDAQ:BYFC opened at $7.21 on Friday. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The stock has a market cap of $65.71 million, a price-to-earnings ratio of 180.32 and a beta of 0.73. The company’s 50 day moving average price is $7.63 and its 200-day moving average price is $7.13. 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 (NASDAQ:BYFC) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial by 12.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after purchasing an additional 5,566 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 acquiring an additional 4,850 shares during the period. Finally, M3F Inc. increased 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 valued at $1,709,000 after acquiring an additional 90,299 shares during the last quarter. 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.