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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note published on Sunday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of BYFC opened at $7.51 on Friday. The business’s fifty day moving average price is $7.63 and its 200 day moving average price is $7.13. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $9.46. The stock has a market capitalization of $68.43 million, a PE ratio of 187.80 and a beta of 0.73. 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) last announced its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Investors Weigh In On Broadway Financial

Hedge funds have recently added to or reduced their stakes in the stock. Wittenberg Investment Management Inc. lifted its stake in Broadway Financial by 12.2% in the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after buying an additional 5,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 4,850 shares during the last quarter. Finally, M3F Inc. lifted its stake in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after buying an additional 90,299 shares during the last quarter. 12.12% of the stock is currently owned by institutional investors.

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.