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 report published on Sunday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 2.5 %

Broadway Financial stock opened at $7.05 on Friday. The business’s 50-day simple moving average is $7.61 and its two-hundred day simple moving average is $7.13. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The company has a market cap of $64.24 million, a PE ratio of 176.29 and a beta of 0.73. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46.

Broadway Financial (NASDAQ:BYFC) last issued its earnings results on Monday, January 27th. The savings and loans company reported $0.06 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

Several institutional investors have recently made changes to their positions in BYFC. Wittenberg Investment Management Inc. grew its position in Broadway Financial by 12.2% during 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 boosted its stake 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 buying an additional 4,850 shares during the last quarter. Finally, M3F Inc. boosted its stake in shares of Broadway Financial by 56.7% in 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 last quarter. Hedge funds and other institutional investors 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.