Broadway Financial Co. (NASDAQ:BYFC – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.14 and traded as low as $7.01. Broadway Financial shares last traded at $7.23, with a volume of 1,759 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Broadway Financial in a report on Saturday. They issued a “sell” rating for the company.
Get Our Latest Stock Report on Broadway Financial
Broadway Financial Stock Down 0.7 %
Broadway Financial (NASDAQ:BYFC – Get Free Report) last issued its quarterly 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 net margin of 3.02% and a return on equity of 1.44%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BYFC. Dimensional Fund Advisors LP grew its position in Broadway Financial by 29.0% during 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. grew its position in 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. grew its position in 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 purchasing an additional 90,299 shares during the last quarter. 12.12% of the stock is currently 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.
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