Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $7.00 on Friday. 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 stock has a market cap of $63.92 million, a PE ratio of 23.33 and a beta of 0.73. The company’s fifty day moving average is $6.03 and its 200 day moving average is $5.49. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $8.24.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. raised its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. 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.