Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

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

Broadway Financial Price Performance

BYFC stock opened at $0.90 on Monday. Broadway Financial has a twelve month low of $0.83 and a twelve month high of $1.42. The company has a market cap of $66.84 million, a PE ratio of 15.01 and a beta of 0.81. The business’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.99. The company has a quick ratio of 0.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.65.

Institutional Investors Weigh In On Broadway Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial by 157.7% during the second quarter. Wittenberg Investment Management Inc. now owns 155,683 shares of the savings and loans company’s stock valued at $151,000 after purchasing an additional 95,279 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Broadway Financial by 30.7% in the 1st quarter. Renaissance Technologies LLC now owns 307,614 shares of the savings and loans company’s stock worth $323,000 after acquiring an additional 72,316 shares in the last quarter. Salzhauer Michael acquired a new position in shares of Broadway Financial in the 1st quarter worth approximately $79,000. Susquehanna International Group LLP acquired a new position in shares of Broadway Financial in the 4th quarter worth approximately $62,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Broadway Financial by 71.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,374,463 shares of the savings and loans company’s stock worth $2,683,000 after acquiring an additional 992,987 shares in the last quarter. 12.79% of the stock is owned by institutional investors and hedge funds.

About Broadway Financial

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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.

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