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

Analysts at StockNews.com started 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 Stock Performance

Broadway Financial stock opened at $6.83 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The firm’s fifty day moving average price is $7.06 and its 200 day moving average price is $7.12. The company has a market capitalization of $62.24 million, a price-to-earnings ratio of 170.67 and a beta of 0.73. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $9.46.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 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 hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP lifted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 29.0% during the fourth quarter, according to the company in its most recent filing with the 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 approximately 0.24% of Broadway Financial worth $148,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.