StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report published on Monday. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Up 2.1 %
Broadway Financial stock traded up $0.15 during mid-day trading on Monday, hitting $7.16. The company had a trading volume of 1,012 shares, compared to its average volume of 8,538. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The company has a market capitalization of $65.23 million, a PE ratio of 24.17 and a beta of 0.72. The stock's 50 day moving average price is $6.81 and its two-hundred day moving average price is $6.09. 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 Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $8.75 million during the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.
Institutional Trading of Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company's stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission. 12.12% of the stock is currently owned by institutional investors and hedge funds.
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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