StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report issued on Wednesday. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Price Performance
Shares of BYFC traded down $0.08 during trading hours on Wednesday, hitting $7.64. 2,660 shares of the company were exchanged, compared to its average volume of 5,787. The company has a market capitalization of $69.61 million, a PE ratio of 191.07 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. The firm has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $6.97. Broadway Financial has a one year low of $4.41 and a one year high of $9.46.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last released its quarterly earnings data 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%.
Institutional Trading of Broadway Financial
A number of hedge funds have recently modified their holdings of BYFC. Wittenberg Investment Management Inc. lifted its holdings in shares of Broadway Financial by 12.2% in 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 purchasing an additional 5,566 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $148,000 after acquiring an additional 4,850 shares in the last quarter. Finally, M3F Inc. raised 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 worth $1,709,000 after acquiring an additional 90,299 shares in 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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