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

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

Broadway Financial Trading Up 3.4 %

Shares of Broadway Financial stock opened at $6.28 on Tuesday. The firm’s 50 day moving average is $7.19 and its 200 day moving average is $7.11. The firm has a market capitalization of $57.18 million, a PE ratio of 156.91 and a beta of 0.73. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings data 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

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 56.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,450 shares of the savings and loans company’s stock after purchasing an additional 90,299 shares during the period. Broadway Financial makes up about 0.5% of M3F Inc.’s holdings, making the stock its 25th biggest position. M3F Inc. owned 2.74% of Broadway Financial worth $1,709,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company’s stock.

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.