Investment analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Up 0.9 %
BYFC stock traded up $0.06 during trading on Friday, hitting $6.55. 40,461 shares of the company's stock traded hands, compared to its average volume of 8,716. The business has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $7.12. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $59.70 million, a P/E ratio of 163.69 and a beta of 0.73. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings results 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 company had revenue of $8.33 million during the quarter.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. boosted 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 and Exchange Commission. The fund owned 249,450 shares of the savings and loans company's stock after purchasing an additional 90,299 shares during the period. Broadway Financial makes up about 0.5% of M3F Inc.'s portfolio, making the stock its 25th biggest position. M3F Inc. owned approximately 2.74% of Broadway Financial worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is currently 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.
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