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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a report published on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $6.90 on Friday. The business has a fifty day moving average price of $6.74 and a 200-day moving average price of $5.94. 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 company has a market capitalization of $62.87 million, a PE ratio of 23.79 and a beta of 0.71. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $7.99.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The firm had revenue of $8.75 million for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. lifted its stake in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346,020 shares of the savings and loans company’s stock after acquiring an additional 19,918 shares during the quarter. Vanguard Group Inc. owned 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

(Get Free Report)

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.

Featured Stories