Broadway Financial (NASDAQ:BYFC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note released on Friday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 1.4 %

NASDAQ:BYFC opened at $7.30 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The stock’s 50-day moving average is $7.63 and its two-hundred day moving average is $7.14. The stock has a market cap of $66.52 million, a PE ratio of 182.55 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last posted its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Investors Weigh In On Broadway Financial

Hedge funds have recently modified their holdings of the business. Wittenberg Investment Management Inc. lifted its position in Broadway Financial by 12.2% in the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after purchasing an additional 5,566 shares during the period. Dimensional Fund Advisors LP lifted its position in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 4,850 shares during the period. Finally, M3F Inc. lifted its position in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock worth $1,709,000 after purchasing an additional 90,299 shares during the period. 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.