StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

Posted by Donald Scott on Apr 2nd, 2025

Analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Free Report) in a report issued on Monday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Down 2.2 %

Shares of NASDAQ BYFC opened at $7.01 on Monday. The company has a market cap of $63.88 million, a P/E ratio of 175.29 and a beta of 0.73. The firm has a 50-day simple moving average of $7.50 and a two-hundred day simple moving average of $7.16. Broadway Financial has a 1 year low of $4.41 and a 1 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.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP raised its stake in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,559 shares of the savings and loans company’s stock after buying an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Broadway Financial worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.12% of the stock is currently owned by institutional investors and hedge funds.

About Broadway Financial

(Get Free Report)

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.