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

Analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued on Thursday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Up 5.7 %

Shares of NASDAQ:BYFC opened at $6.89 on Thursday. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $7.99. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33. The firm has a market cap of $62.92 million, a P/E ratio of 23.76 and a beta of 0.71. The company has a 50 day moving average of $6.72 and a 200-day moving average of $5.74.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.45%. The firm had revenue of $8.75 million for the quarter.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the SEC. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.