Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.50 and traded as high as $7.70. Broadway Financial shares last traded at $7.59, with a volume of 18,725 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen began coverage on Broadway Financial in a research note on Sunday, May 18th. They set a "sell" rating for the company.
View Our Latest Analysis on Broadway Financial
Broadway Financial Stock Down 0.3%
The business has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $6.98. The company has a quick ratio of 0.08, a current ratio of 1.26 and a debt-to-equity ratio of 1.44. The stock has a market cap of $69.04 million, a P/E ratio of -94.63 and a beta of 0.73.
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) earnings per share (EPS) for the quarter. The firm had revenue of $8.33 million for the quarter. Broadway Financial had a net margin of 2.59% and a return on equity of 1.22%.
Institutional Trading of Broadway Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M3F Inc. boosted its position in shares of 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 acquiring an additional 90,299 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Broadway Financial by 29.0% in 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 period. Finally, Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial by 5.4% in 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 period. Institutional investors and hedge funds 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.
Read More
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.
