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

Analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a note issued to investors on Sunday. The firm set a "sell" rating on the savings and loans company's stock.

Broadway Financial Trading Up 5.6 %

NASDAQ:BYFC traded up $0.40 during mid-day trading on Friday, hitting $7.45. 3,956 shares of the company's stock were exchanged, compared to its average volume of 8,289. 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 fifty-two week low of $4.41 and a fifty-two week high of $9.46. The company has a 50 day simple moving average of $7.61 and a 200-day simple moving average of $7.13. The firm has a market capitalization of $67.84 million, a P/E ratio of 186.17 and a beta of 0.73.

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

Institutional Investors Weigh In On Broadway Financial

Several large investors have recently added to or reduced their stakes in BYFC. M3F Inc. increased its stake in shares of Broadway Financial by 56.7% in the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock valued at $1,709,000 after acquiring an additional 90,299 shares in the last quarter. Wittenberg Investment Management Inc. grew its holdings 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 worth $329,000 after purchasing an additional 5,566 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Broadway Financial by 29.0% during 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 purchasing an additional 4,850 shares during the period. Institutional investors and hedge funds own 12.12% of the company's stock.

Broadway Financial Company Profile

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.