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

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

Broadway Financial Stock Down 3.6 %

Shares of NASDAQ:BYFC opened at $7.51 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The business has a fifty day moving average of $7.50 and a two-hundred day moving average of $6.94. The stock has a market cap of $68.42 million, a P/E ratio of 187.80 and a beta of 0.73. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46.

Broadway Financial (NASDAQ:BYFC) last issued 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 return on equity of 1.44% and a net margin of 3.02%.

Hedge Funds Weigh In On Broadway Financial

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Broadway Financial by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after purchasing an additional 4,850 shares during the last quarter. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial by 12.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after purchasing an additional 5,566 shares during the last quarter. Finally, M3F Inc. lifted its stake in shares of Broadway Financial by 56.7% in the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after purchasing an additional 90,299 shares during the last quarter. Institutional investors and hedge funds 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.