StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research report released on Saturday morning. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of BYFC traded up $0.05 during trading hours on Friday, reaching $6.50. 950 shares of the company traded hands, compared to its average volume of 8,571. The stock has a market capitalization of $59.24 million, a P/E ratio of 162.44 and a beta of 0.73. 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 has a 12-month low of $4.51 and a 12-month high of $9.46. The business has a fifty day moving average price of $6.70 and a 200-day moving average price of $7.11.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share for the quarter. The company had revenue of $8.33 million 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
Hedge funds have recently added to or reduced their stakes in the business. M3F Inc. boosted its holdings in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock valued at $1,709,000 after purchasing an additional 90,299 shares during the last quarter. Wittenberg Investment Management Inc. raised its position 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 worth $386,000 after purchasing an additional 2,765 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 in the last quarter. 12.12% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
Before you consider Broadway Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadway Financial wasn't on the list.
While Broadway Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
