StockNews.com Initiates Coverage on Broadway Financial (NASDAQ:BYFC)

Posted by on Oct 22nd, 2024

Research analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

Broadway Financial stock opened at $7.10 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $64.83 million, a PE ratio of 23.67 and a beta of 0.72. The firm’s 50-day simple moving average is $6.64 and its 200 day simple moving average is $5.60. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.99.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The business had revenue of $8.19 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 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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