Broadway Financial (NASDAQ:BYFC) Research Coverage Started at StockNews.com

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

Broadway Financial Trading Down 0.8 %

Shares of Broadway Financial stock opened at $6.58 on Thursday. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The firm has a market capitalization of $60.01 million, a price-to-earnings ratio of 164.54 and a beta of 0.73. The stock has a 50 day moving average of $6.95 and a 200 day moving average of $7.14.

Broadway Financial (NASDAQ:BYFC) last released 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 return on equity of 1.44% and a net margin of 3.02%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Dimensional Fund Advisors LP raised its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,559 shares of the savings and loans company’s stock after acquiring an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of Broadway Financial worth $148,000 as of its most recent SEC filing. 12.12% of the stock is owned by 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.