Broadway Financial (NASDAQ:BYFC) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a research note released on Wednesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of BYFC stock opened at $6.83 on Wednesday. The company’s fifty day simple moving average is $7.05 and its 200-day simple moving average is $7.12. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The company has a market cap of $62.24 million, a PE ratio of 170.67 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Dimensional Fund Advisors LP boosted its position in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,559 shares of the savings and loans company’s stock after purchasing an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of Broadway Financial worth $148,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.12% of the company’s stock.

About Broadway Financial

(Get Free Report)

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.

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