Equities research analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a report issued on Sunday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Price Performance
NASDAQ BYFC opened at $6.30 on Friday. Broadway Financial has a one year low of $4.53 and a one year high of $9.46. The stock has a 50-day moving average of $6.67 and a 200 day moving average of $7.11. The company has a market capitalization of $57.46 million, a price-to-earnings ratio of 157.54 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The savings and loans company reported ($0.14) EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%. The business had revenue of $8.33 million during the quarter.
Institutional Investors Weigh In On Broadway Financial
Several hedge funds and other institutional investors have recently made changes to their positions in BYFC. M3F Inc. increased its position in shares of Broadway Financial by 56.7% during the 4th 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. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 4,850 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased 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 valued at $386,000 after purchasing an additional 2,765 shares during the last quarter. Hedge funds and other institutional investors 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.
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