Broadway Financial Co. (NASDAQ:BYFC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.03 and traded as low as $6.06. Broadway Financial shares last traded at $6.13, with a volume of 1,648 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on Broadway Financial in a research note on Sunday, May 18th. They set a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on BYFC
Broadway Financial Trading Down 1.3%
The business's 50-day moving average price is $6.36 and its 200-day moving average price is $7.00. The firm has a market capitalization of $55.08 million, a PE ratio of 151.04 and a beta of 0.71. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share for the quarter. The business had revenue of $8.33 million for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Hedge Funds Weigh In On Broadway Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wittenberg Investment Management Inc. lifted its position in Broadway Financial by 5.4% during the 1st 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $148,000 after purchasing an additional 4,850 shares during the last quarter. Finally, M3F Inc. lifted its holdings in shares of Broadway Financial by 7.1% during the first quarter. M3F Inc. now owns 267,207 shares of the savings and loans company's stock worth $1,916,000 after purchasing an additional 17,757 shares during the period. Hedge funds and other 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.
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