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

Investment analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued to investors on Friday. The firm set 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 firm has a market cap of $66.52 million, a PE ratio of 182.55 and a beta of 0.73. The stock has a 50-day moving average of $7.63 and a 200-day moving average of $7.14. 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 (EPS) for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Hedge Funds Weigh In On Broadway Financial

A number of institutional investors and hedge funds have recently modified their holdings of BYFC. 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 worth $1,709,000 after purchasing an additional 90,299 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 4,850 shares during the period. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial by 12.2% during the third 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. Hedge funds and other 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.