Analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research note issued on Thursday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of BYFC stock traded down $0.14 during midday trading on Thursday, hitting $6.44. The company had a trading volume of 3,581 shares, compared to its average volume of 8,499. The company's 50 day simple moving average is $6.91 and its 200 day simple moving average is $7.14. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46. The stock has a market cap of $58.70 million, a price-to-earnings ratio of 160.94 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The company had revenue of $8.33 million during the quarter.
Institutional Trading of Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Dimensional Fund Advisors LP grew its holdings in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 29.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,559 shares of the savings and loans company's stock after buying an additional 4,850 shares during the quarter. Dimensional Fund Advisors LP owned about 0.24% of Broadway Financial worth $148,000 at the end of the most recent quarter. 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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