Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Price Performance

Broadway Financial stock opened at $7.40 on Friday. The business has a 50-day simple moving average of $7.61 and a 200 day simple moving average of $7.12. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The stock has a market cap of $67.43 million, a price-to-earnings ratio of 185.05 and a beta of 0.73. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Trading of Broadway Financial

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 4,850 shares during the last quarter. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial by 12.2% during 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. raised its holdings in shares of Broadway Financial by 56.7% during the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after buying an additional 90,299 shares in the last quarter. 12.12% of the stock is owned by institutional investors.

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.