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

Research analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

BYFC opened at $7.51 on Wednesday. The stock’s 50-day moving average price is $7.50 and its 200 day moving average price is $6.94. Broadway Financial has a 12-month low of $4.41 and a 12-month 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. The firm has a market cap of $68.42 million, a price-to-earnings ratio of 187.80 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 (EPS) 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 number of hedge funds have recently bought and sold shares of the stock. M3F Inc. raised its position in Broadway Financial by 56.7% in the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after purchasing an additional 90,299 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Broadway Financial by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after purchasing an additional 4,850 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its position 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 in the last quarter. Institutional investors and hedge funds own 12.12% of the company’s stock.

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.