Broadway Financial Co. (NASDAQ:BYFC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.41 and traded as high as $7.80. Broadway Financial shares last traded at $7.77, with a volume of 4,129 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Broadway Financial in a report on Friday. They set a "sell" rating on the stock.
Get Our Latest Analysis on Broadway Financial
Broadway Financial Price Performance
The stock has a market capitalization of $68.34 million, a price-to-earnings ratio of 25.86 and a beta of 0.72. The company's 50-day simple moving average is $7.04 and its 200-day simple moving average is $6.41. 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 (NASDAQ:BYFC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The firm had revenue of $8.75 million during the quarter.
Institutional Investors Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.
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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