Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) shares 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 changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen assumed coverage on shares of Broadway Financial in a research report on Sunday, May 18th. They set a "sell" rating for the company.
Get Our Latest Research Report on Broadway Financial
Broadway Financial Price Performance
The firm's 50-day moving average is $6.51 and its 200-day moving average is $7.08. The company has a market capitalization of $56.09 million, a PE ratio of 153.79 and a beta of 0.73. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share (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.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wittenberg Investment Management Inc. grew its position 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 acquiring an additional 2,765 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Broadway Financial by 29.0% during 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 buying an additional 4,850 shares during the period. Finally, M3F Inc. boosted its position in Broadway Financial by 7.1% during the first quarter. M3F Inc. now owns 267,207 shares of the savings and loans company's stock valued at $1,916,000 after buying an additional 17,757 shares during the period. 12.12% of the stock is currently owned by hedge funds and other institutional investors.
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.
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