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

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

Broadway Financial Trading Down 1.0 %

NASDAQ BYFC opened at $7.02 on Friday. 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 has a twelve month low of $4.41 and a twelve month high of $7.99. The firm has a market capitalization of $64.11 million, a PE ratio of 24.21 and a beta of 0.71. The stock’s 50 day moving average is $6.73 and its 200 day moving average is $5.89.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The firm had revenue of $8.75 million for the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the quarter. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.12% of the company’s stock.

About Broadway Financial

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.