Research analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "sell" rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of BYFC traded up $0.38 during mid-day trading on Wednesday, reaching $7.05. 8,233 shares of the company's stock traded hands, compared to its average volume of 8,574. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. The business's 50-day moving average price is $6.76 and its 200-day moving average price is $5.66. The stock has a market capitalization of $64.37 million, a P/E ratio of 23.50 and a beta of 0.72. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The firm had revenue of $8.19 million for the quarter.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. increased its stake in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. Institutional investors own 12.12% of the company's stock.
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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