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

Research analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report issued on Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

NASDAQ:BYFC opened at $7.58 on Wednesday. The stock has a 50 day moving average of $7.53 and a two-hundred day moving average of $6.97. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $9.46. The firm has a market cap of $69.05 million, a P/E ratio of 189.55 and a beta of 0.73. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Investors Weigh In On Broadway Financial

A number of hedge funds have recently modified their holdings of the business. M3F Inc. grew its stake in Broadway Financial by 56.7% during the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after acquiring an additional 90,299 shares in the last quarter. Wittenberg Investment Management Inc. lifted its stake in Broadway Financial by 12.2% in the 3rd 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, Dimensional Fund Advisors LP boosted its holdings in shares of Broadway Financial by 29.0% during the 4th 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 during the last quarter. 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.