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

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

Broadway Financial Trading Up 2.1 %

Shares of BYFC opened at $6.85 on Friday. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.24. The firm has a market capitalization of $62.55 million, a P/E ratio of 22.83 and a beta of 0.73. 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 stock’s fifty day simple moving average is $5.99 and its 200 day simple moving average is $5.48.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. The company had revenue of $8.19 million during the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. grew its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the first quarter, according to the company in 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 about 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 12.12% of the stock is owned by hedge funds and other 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.