StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report released on Tuesday. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Price Performance
Shares of BYFC stock traded up $0.02 during trading hours on Tuesday, hitting $7.05. 1,274 shares of the company's stock were exchanged, compared to its average volume of 8,392. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The firm has a market cap of $64.24 million, a P/E ratio of 24.31 and a beta of 0.72. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The firm has a 50 day moving average of $6.91 and a two-hundred day moving average of $6.18.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The company 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. lifted its position in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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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