Equities researchers at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research note issued on Friday. The firm set a "sell" rating on the savings and loans company's stock.
Broadway Financial Price Performance
Shares of BYFC traded down $0.24 during trading hours on Friday, reaching $7.20. 684 shares of the company traded hands, compared to its average volume of 8,335. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The stock has a market capitalization of $65.74 million, a PE ratio of 24.83 and a beta of 0.71. The stock has a fifty day simple moving average of $6.68 and a 200 day simple moving average of $5.82. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The company had revenue of $8.75 million for the quarter. Broadway Financial had a return on equity of 2.45% and a net margin of 5.01%.
Institutional Trading of Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its holdings in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company's stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by institutional investors and hedge funds.
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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