StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research note released on Tuesday morning. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of NASDAQ BYFC traded down $0.38 during mid-day trading on Tuesday, hitting $6.72. The company had a trading volume of 7,369 shares, compared to its average volume of 8,555. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The firm has a market cap of $61.36 million, a P/E ratio of 22.40 and a beta of 0.72. The business's 50-day simple moving average is $6.67 and its 200-day simple moving average is $5.61. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The company had revenue of $8.19 million during the quarter.
Institutional Investors Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,020 shares of the savings and loans company's stock after acquiring an additional 19,918 shares during the period. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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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