Broadway Financial Co. (NASDAQ:BYFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.09 and traded as low as $6.26. Broadway Financial shares last traded at $6.30, with a volume of 1,905 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on Broadway Financial in a research report on Sunday, May 18th. They set a "sell" rating for the company.
Read Our Latest Report on BYFC
Broadway Financial Stock Up 4.5%
The company's 50 day moving average price is $6.48 and its two-hundred day moving average price is $7.06. 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 stock has a market cap of $58.22 million, a P/E ratio of 159.64 and a beta of 0.73.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $8.33 million for the quarter.
Hedge Funds Weigh In On Broadway Financial
Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in 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 worth $148,000 after buying an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. raised its stake in 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 worth $386,000 after buying an additional 2,765 shares in the last quarter. Finally, M3F Inc. raised its stake in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock worth $1,709,000 after buying an additional 90,299 shares in the last quarter. Institutional investors own 12.12% of the company's stock.
About Broadway Financial
(
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.
Further Reading
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