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

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

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $6.89 on Thursday. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. The firm has a 50-day simple moving average of $6.72 and a 200 day simple moving average of $5.74. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The company has a market cap of $62.92 million, a PE ratio of 23.76 and a beta of 0.71.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a return on equity of 2.45% and a net margin of 5.01%. The company had revenue of $8.75 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. increased its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the first quarter, according to its most recent 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 buying an additional 19,918 shares during the quarter. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.