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

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

Broadway Financial Stock Performance

Shares of BYFC opened at $6.72 on Tuesday. The company’s 50 day moving average price is $6.69 and its 200 day moving average price is $5.62. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.99. The company has a market capitalization of $61.36 million, a PE ratio of 22.40 and a beta of 0.72. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. raised its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after acquiring an additional 19,918 shares during the quarter. Vanguard Group Inc. owned about 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. 12.12% of the stock is owned by institutional investors.

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.