Broadway Financial (NASDAQ:BYFC) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Broadway Financial's stock has been assigned a "sell (D+)" rating by Weiss Ratings, indicating a negative outlook from analysts.
• The company's stock price has decreased by 1.9% to $7.08, with a market cap of $65.09 million and a price-to-earnings ratio of -54.81.
• M3F Inc. has recently increased its investment in Broadway Financial by 28.8%, now holding approximately 3.74% of the company's stock.

Broadway Financial (NASDAQ:BYFC - Get Free Report)'s stock had its "sell (d+)" rating reissued by research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Broadway Financial Trading Down 1.9%

NASDAQ BYFC traded down $0.14 during trading hours on Tuesday, hitting $7.08. 6,142 shares of the company's stock were exchanged, compared to its average volume of 6,145. The stock has a 50-day simple moving average of $7.57 and a 200 day simple moving average of $7.06. Broadway Financial has a 1-year low of $5.71 and a 1-year high of $9.46. The firm has a market cap of $65.09 million, a price-to-earnings ratio of -54.81 and a beta of 0.74. The company has a current ratio of 1.15, a quick ratio of 0.03 and a debt-to-equity ratio of 0.65.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its earnings results on Thursday, July 31st. The savings and loans company reported ($0.02) EPS for the quarter. Broadway Financial had a return on equity of 1.46% and a net margin of 3.18%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. boosted its position in Broadway Financial Corporation (NASDAQ:BYFC - Free Report) by 28.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 344,222 shares of the savings and loans company's stock after acquiring an additional 77,015 shares during the period. Broadway Financial accounts for about 0.7% of M3F Inc.'s holdings, making the stock its 25th biggest position. M3F Inc. owned approximately 3.74% of Broadway Financial worth $2,496,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company's stock.

Broadway Financial Company Profile

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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