StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research note published on Saturday. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Broadway Financial stock traded down $0.30 during mid-day trading on Friday, reaching $7.16. 967 shares of the stock traded hands, compared to its average volume of 8,280. The stock has a market capitalization of $65.24 million, a PE ratio of 179.04 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 has a 12-month low of $4.41 and a 12-month high of $9.46. The business's 50-day moving average is $7.66 and its 200-day moving average is $7.14.
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 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Institutional Trading of Broadway Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of BYFC. Dimensional Fund Advisors LP increased its position in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company's stock worth $148,000 after buying an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. boosted its stake in 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 buying an additional 5,566 shares during the last quarter. Finally, M3F Inc. boosted its stake in 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 buying an additional 90,299 shares during the last quarter. 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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