Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of Broadway Financial stock opened at $5.69 on Friday. The company has a quick ratio of 0.10, a current ratio of 1.29 and a debt-to-equity ratio of 2.35. The stock’s fifty day moving average is $5.16 and its two-hundred day moving average is $5.35. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $8.24. The company has a market capitalization of $51.96 million, a PE ratio of 18.97 and a beta of 0.70.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $8.19 million during the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.16%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. grew its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the quarter. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent reporting period. Institutional investors own 12.12% of the company’s stock.

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.