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

Analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "sell" rating on the savings and loans company's stock.

Broadway Financial Trading Up 0.8 %

BYFC traded up $0.06 on Wednesday, hitting $6.83. The company had a trading volume of 23,247 shares, compared to its average volume of 8,326. The company has a market cap of $62.24 million, a PE ratio of 170.67 and a beta of 0.73. The business's fifty day simple moving average is $7.05 and its 200 day simple moving average is $7.13. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $9.46. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26.

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

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,450 shares of the savings and loans company's stock after acquiring an additional 90,299 shares during the quarter. Broadway Financial comprises 0.5% of M3F Inc.'s holdings, making the stock its 25th biggest position. M3F Inc. owned 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other 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.