Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

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

Broadway Financial Price Performance

NASDAQ BYFC opened at $6.98 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The company has a market cap of $63.60 million, a PE ratio of 24.07 and a beta of 0.72. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.99. The firm’s 50-day simple moving average is $6.94 and its two-hundred day simple moving average is $6.20.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $8.75 million during 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

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.