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

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

Broadway Financial Stock Performance

Broadway Financial stock opened at $7.30 on Friday. The company has a market cap of $66.52 million, a PE ratio of 182.55 and a beta of 0.73. The company has a fifty day moving average price of $7.63 and a two-hundred day moving average price of $7.14. 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 has a 12 month low of $4.41 and a 12 month high of $9.46.

Broadway Financial (NASDAQ:BYFC) last released 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%.

Hedge Funds Weigh In On Broadway Financial

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Broadway Financial by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 4,850 shares during the period. Wittenberg Investment Management Inc. boosted its holdings in shares of 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 valued at $329,000 after acquiring an additional 5,566 shares during the period. Finally, M3F Inc. boosted its holdings in shares of 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 period. Institutional investors and hedge funds 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.