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

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

Broadway Financial Stock Down 1.0 %

Shares of BYFC opened at $7.02 on Friday. The stock has a market capitalization of $63.95 million, a price-to-earnings ratio of 24.21 and a beta of 0.71. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99. The business’s 50 day simple moving average is $6.73 and its 200-day simple moving average is $5.90. 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 (NASDAQ:BYFC) last released its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The company had revenue of $8.75 million for the quarter.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 346,020 shares of the savings and loans company’s stock after buying 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 quarter. Institutional investors and hedge funds 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.