StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research note issued to investors on Thursday. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Down 2.8 %
Broadway Financial stock traded down $0.19 during trading hours on Thursday, reaching $6.70. The stock had a trading volume of 2,030 shares, compared to its average volume of 8,584. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.99. The company has a market cap of $61.17 million, a price-to-earnings ratio of 23.10 and a beta of 0.71. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The business's 50 day moving average price is $6.70 and its 200-day moving average price is $5.74.
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) earnings per share for the quarter. Broadway Financial had a return on equity of 2.45% and a net margin of 5.01%. The business had revenue of $8.75 million for the quarter.
Institutional Investors Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company's stock after buying an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission. 12.12% of the stock is owned by hedge funds and other 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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