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

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a note issued to investors on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 3.3 %

Shares of NASDAQ:BYFC opened at $6.26 on Monday. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.98. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The business’s 50-day moving average is $6.44 and its 200-day moving average is $5.55. The company has a market capitalization of $57.16 million, a price-to-earnings ratio of 20.87 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $8.19 million for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%.

Institutional Trading of Broadway Financial

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