Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report released on Friday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Up 2.1 %

Shares of Broadway Financial stock opened at $6.85 on Friday. 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 has a 1 year low of $4.41 and a 1 year high of $8.24. The business has a 50 day moving average price of $5.99 and a 200 day moving average price of $5.48. The company has a market capitalization of $62.55 million, a P/E ratio of 22.83 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $8.19 million for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the quarter. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. Institutional investors own 12.12% of the company’s stock.

About Broadway Financial

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.