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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFCFree Report) in a research report released on Thursday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Price Performance

BYFC stock opened at $6.89 on Thursday. The firm has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $5.77. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The stock has a market cap of $62.91 million, a PE ratio of 23.76 and a beta of 0.71. Broadway Financial has a one year low of $4.41 and a one year high of $7.99.

Broadway Financial (NASDAQ:BYFCGet Free Report) last released its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.45%. The firm had revenue of $8.75 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFCFree Report) by 6.1% in the 1st 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 purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.

About Broadway Financial

(Get Free Report)

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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