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

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

Broadway Financial Trading Down 3.2 %

NASDAQ:BYFC opened at $7.20 on Friday. The business’s 50-day moving average is $6.68 and its two-hundred day moving average is $5.82. The firm has a market capitalization of $65.74 million, a PE ratio of 24.83 and a beta of 0.71. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13.

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

Institutional Investors Weigh In On Broadway Financial

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) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,020 shares of the savings and loans company’s stock after acquiring an additional 19,918 shares during the period. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.

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.