StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report published on Friday. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Trading Down 3.5 %
NASDAQ BYFC traded down $0.27 on Friday, reaching $7.50. The company had a trading volume of 3,105 shares, compared to its average volume of 6,334. The stock has a market cap of $68.34 million, a price-to-earnings ratio of 25.86 and a beta of 0.72. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.99. The stock's 50 day moving average is $7.04 and its 200-day moving average is $6.41. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $8.75 million for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.
Hedge Funds Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its position in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,117 shares of the savings and loans company's stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 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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