StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report issued on Monday morning. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Price Performance
BYFC traded down $0.10 during trading on Monday, reaching $7.77. 3,743 shares of the stock were exchanged, compared to its average volume of 6,781. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The business's 50 day moving average price is $7.43 and its two-hundred day moving average price is $6.80. The company has a market capitalization of $70.80 million, a price-to-earnings ratio of 194.30 and a beta of 0.73.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company's stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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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