Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.97 and traded as low as $6.05. Broadway Financial shares last traded at $6.26, with a volume of 34,687 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen started coverage on shares of Broadway Financial in a research note on Sunday, May 18th. They set a "sell" rating for the company.
Check Out Our Latest Research Report on Broadway Financial
Broadway Financial Stock Performance
The company has a market cap of $60.10 million, a price-to-earnings ratio of -82.38 and a beta of 0.71. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.26 and a quick ratio of 0.08. The firm has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $6.96.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings data 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 1.22% and a net margin of 2.59%. The company had revenue of $8.33 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of BYFC. Dimensional Fund Advisors LP boosted its holdings 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 valued at $148,000 after acquiring an additional 4,850 shares during the last quarter. Wittenberg Investment Management Inc. raised its stake in shares of Broadway Financial by 5.4% during 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 during the last quarter. Finally, M3F Inc. raised its stake in shares of Broadway Financial by 56.7% during 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 during the last quarter. 12.12% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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