Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.45 and traded as high as $7.99. Broadway Financial shares last traded at $7.54, with a volume of 1,949 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Broadway Financial in a research report on Tuesday. They set a "sell" rating on the stock.
Check Out Our Latest Analysis on BYFC
Broadway Financial Stock Up 5.3 %
The company has a 50-day moving average price of $7.49 and a 200 day moving average price of $6.90. The firm has a market capitalization of $70.98 million, a PE ratio of 194.80 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 (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings data 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%.
Hedge Funds Weigh In On Broadway Financial
Several large investors have recently made changes to their positions in BYFC. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 4,850 shares during the last quarter. Wittenberg Investment Management Inc. increased 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 worth $329,000 after purchasing an additional 5,566 shares during the last quarter. Finally, M3F Inc. increased its holdings in shares of Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock worth $1,709,000 after purchasing an additional 90,299 shares during the last 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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