Stock analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research note issued to investors on Monday. The firm set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Performance
NASDAQ BYFC traded up $0.07 during trading hours on Monday, hitting $6.83. 269 shares of the company's stock traded hands, compared to its average volume of 8,186. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The firm has a market capitalization of $62.23 million, a P/E ratio of 170.79 and a beta of 0.73. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The business's fifty day moving average price is $7.48 and its two-hundred day moving average price is $7.16.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted 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 Investors Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. lifted its position in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249,450 shares of the savings and loans company's stock after purchasing an additional 90,299 shares during the period. Broadway Financial comprises 0.5% of M3F Inc.'s portfolio, making the stock its 25th largest holding. M3F Inc. owned approximately 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company's stock.
Broadway Financial Company Profile
(
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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