Investment analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Trading Up 0.8 %
Shares of NASDAQ:BYFC traded up $0.06 during trading on Wednesday, reaching $6.83. The stock had a trading volume of 23,247 shares, compared to its average volume of 8,297. 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 quick ratio of 0.14 and a current ratio of 1.38. The firm's fifty day moving average is $7.05 and its 200 day moving average is $7.12. The stock has a market cap of $62.24 million, a price-to-earnings ratio of 170.67 and a beta of 0.73.
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 net margin of 3.02% and a return on equity of 1.44%.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Dimensional Fund Advisors LP lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 29.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,559 shares of the savings and loans company's stock after acquiring an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned 0.24% of Broadway Financial worth $148,000 at the end of the most recent reporting period. 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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