StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

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

Broadway Financial Price Performance

Shares of BYFC opened at $5.97 on Tuesday. Broadway Financial has a 52 week low of $4.41 and a 52 week 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 $54.40 million, a price-to-earnings ratio of 149.29 and a beta of 0.73. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $7.15.

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,559 shares of the savings and loans company’s stock after buying an additional 4,850 shares during the quarter. Dimensional Fund Advisors LP owned about 0.24% of Broadway Financial worth $148,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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.