Stock analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a report issued on Saturday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Broadway Financial stock opened at $6.55 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The company has a market cap of $59.74 million, a P/E ratio of 163.79 and a beta of 0.73. Broadway Financial has a fifty-two week low of $4.47 and a fifty-two week high of $9.46. The firm's 50 day simple moving average is $6.75 and its 200-day simple moving average is $7.11.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $8.33 million during the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.
Institutional Trading of Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent 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 period. Broadway Financial accounts for 0.5% of M3F Inc.'s investment portfolio, making the stock its 25th biggest holding. M3F Inc. owned 2.74% of Broadway Financial worth $1,709,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.12% of the company's stock.
Broadway Financial Company Profile
(
Get Free Report)
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.
Further Reading
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