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

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

Broadway Financial Stock Performance

Shares of BYFC stock opened at $7.20 on Friday. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The stock has a market capitalization of $65.74 million, a P/E ratio of 24.83 and a beta of 0.71. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33. The firm’s 50 day moving average is $6.69 and its 200 day moving average is $5.84.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS 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 during the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,020 shares of the savings and loans company’s stock after acquiring an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.