Broadway Financial (NASDAQ:BYFC) Now Covered by Analysts at StockNews.com

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

Broadway Financial Price Performance

BYFC opened at $6.34 on Friday. The stock has a 50-day moving average price of $6.63 and a 200-day moving average price of $7.10. Broadway Financial has a 12-month low of $4.68 and a 12-month high of $9.46. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $57.82 million, a P/E ratio of 158.54 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The company had revenue of $8.33 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. M3F Inc. raised its position in shares of Broadway Financial by 56.7% in the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock worth $1,709,000 after acquiring an additional 90,299 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Broadway Financial by 29.0% during the 4th 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. Finally, Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial by 5.4% during the 1st quarter. Wittenberg Investment Management Inc. now owns 53,882 shares of the savings and loans company’s stock valued at $386,000 after acquiring an additional 2,765 shares during the period. 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.