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

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

Broadway Financial Trading Down 2.5 %

Shares of NASDAQ:BYFC opened at $7.05 on Friday. The firm has a market capitalization of $64.24 million, a price-to-earnings ratio of 176.29 and a beta of 0.73. The business’s 50 day moving average price is $7.61 and its 200-day moving average price is $7.13. 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 1 year low of $4.41 and a 1 year high of $9.46.

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

Institutional Investors Weigh In On Broadway Financial

Several large investors have recently bought and sold shares of the company. M3F Inc. lifted its position in shares of Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after acquiring an additional 90,299 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Broadway Financial by 29.0% during 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 in the last quarter. Finally, Wittenberg Investment Management Inc. raised its stake in Broadway Financial by 12.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after purchasing an additional 5,566 shares during the last quarter. 12.12% of the stock is currently 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.