StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a report published on Sunday. The brokerage issued a sell rating on the savings and loans company’s stock.
Broadway Financial Stock Down 3.0 %
BYFC opened at $4.88 on Friday. The firm has a market cap of $45.29 million, a price-to-earnings ratio of 10.17 and a beta of 0.59. Broadway Financial has a 52 week low of $4.76 and a 52 week high of $8.64. The business’s 50 day moving average is $5.69 and its two-hundred day moving average is $6.31.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BYFC. Vanguard Group Inc. increased its position in Broadway Financial by 71.9% during the third quarter. Vanguard Group Inc. now owns 2,374,463 shares of the savings and loans company’s stock worth $2,683,000 after buying an additional 992,987 shares during the period. Millennium Management LLC acquired a new position in Broadway Financial during the second quarter worth approximately $160,000. Renaissance Technologies LLC grew its stake in shares of Broadway Financial by 43.6% in the 1st quarter. Renaissance Technologies LLC now owns 255,137 shares of the savings and loans company’s stock valued at $406,000 after purchasing an additional 77,437 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Broadway Financial in the 4th quarter valued at approximately $62,000. Finally, Jane Street Group LLC purchased a new position in shares of Broadway Financial in the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds 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.
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