M3F Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 56.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,450 shares of the savings and loans company's stock after purchasing an additional 90,299 shares during the quarter. Broadway Financial comprises approximately 0.5% of M3F Inc.'s holdings, making the stock its 25th biggest holding. M3F Inc. owned approximately 2.74% of Broadway Financial worth $1,709,000 at the end of the most recent reporting period.
Separately, Dimensional Fund Advisors LP boosted its holdings in 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 valued at $148,000 after acquiring an additional 4,850 shares during the last quarter. Institutional investors own 12.12% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Broadway Financial in a report on Thursday. They issued a "sell" rating on the stock.
View Our Latest Stock Report on Broadway Financial
Broadway Financial Trading Down 3.0 %
BYFC traded down $0.20 during trading on Friday, hitting $6.43. 4,468 shares of the company's stock were exchanged, compared to its average volume of 8,474. Broadway Financial Co. has a 1 year low of $4.41 and a 1 year high of $9.46. The stock has a 50 day moving average price of $6.97 and a 200 day moving average price of $7.13. The firm has a market cap of $58.63 million, a P/E ratio of 162.54 and a beta of 0.73. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.
About Broadway Financial
(
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.
Further Reading
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