Research analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research report issued on Friday. The firm set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Down 1.4 %
BYFC stock traded down $0.10 during midday trading on Friday, hitting $7.30. The stock had a trading volume of 931 shares, compared to its average volume of 4,901. The firm has a market cap of $66.52 million, a price-to-earnings ratio of 182.55 and a beta of 0.73. The business has a 50-day moving average of $7.63 and a two-hundred day moving average of $7.14. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46. 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 issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Hedge Funds Weigh In On Broadway Financial
Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased 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 acquiring an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. increased its holdings in shares of Broadway Financial by 12.2% during the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company's stock valued at $329,000 after acquiring an additional 5,566 shares in the last quarter. Finally, M3F Inc. increased its holdings in shares of Broadway Financial by 56.7% during the fourth 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. 12.12% of the stock is currently owned by institutional investors.
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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