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

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

Broadway Financial Trading Up 0.2 %

Shares of BYFC stock opened at $7.08 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The stock has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $6.04. The company has a market cap of $64.45 million, a P/E ratio of 24.40 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The firm had revenue of $8.75 million during the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the period. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. 12.12% of the stock is owned by 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.