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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report released on Thursday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Up 3.7 %

Shares of BYFC stock opened at $7.63 on Thursday. The business’s fifty day moving average price is $7.58 and its 200 day moving average price is $7.05. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46. The firm has a market capitalization of $69.52 million, a PE ratio of 190.80 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14.

Broadway Financial (NASDAQ:BYFC) last posted its 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 Trading of Broadway Financial

A number of institutional investors have recently bought and sold shares of BYFC. Dimensional Fund Advisors LP boosted its position in Broadway Financial by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. boosted its position in 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 worth $329,000 after purchasing an additional 5,566 shares in the last quarter. Finally, M3F Inc. boosted its position in Broadway Financial by 56.7% during the fourth 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 in the last 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.