Wall Street Zen started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research note published on Sunday. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
BYFC traded down $0.08 on Friday, reaching $6.30. The stock had a trading volume of 1,905 shares, compared to its average volume of 8,486. 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 business's 50-day moving average price is $6.57 and its two-hundred day moving average price is $7.09. The company has a market cap of $57.41 million, a P/E ratio of 157.41 and a beta of 0.73.
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) earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The firm had revenue of $8.33 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYFC. M3F Inc. grew its position in shares of Broadway Financial by 7.1% in the first quarter. M3F Inc. now owns 267,207 shares of the savings and loans company's stock valued at $1,916,000 after purchasing an additional 17,757 shares during the period. Wittenberg Investment Management Inc. grew its position in shares of Broadway Financial by 5.4% in the first 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 period. Finally, Dimensional Fund Advisors LP grew its position in shares of Broadway Financial by 29.0% in the fourth 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 period. Hedge funds and other institutional investors own 12.12% of the company's stock.
Broadway Financial Company Profile
(
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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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