Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Tuesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of Broadway Financial stock opened at $7.42 on Tuesday. 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 $5.51 and its two-hundred day moving average is $5.39. 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 $67.75 million, a PE ratio of 24.73 and a beta of 0.70.

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

Institutional Trading of Broadway Financial

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

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.