StockNews.com Initiates Coverage on Broadway Financial (NASDAQ:BYFC)

Equities research analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

BYFC stock opened at $7.10 on Tuesday. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99. The firm has a market capitalization of $64.83 million, a PE ratio of 23.67 and a beta of 0.72. The business has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $5.60. 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) last posted its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The firm had revenue of $8.19 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. grew its stake in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.