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

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

Broadway Financial Price Performance

Shares of BYFC stock opened at $6.81 on Tuesday. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The firm has a market capitalization of $62.05 million, a price-to-earnings ratio of 23.48 and a beta of 0.72. The stock’s 50-day simple moving average is $6.93 and its 200-day simple moving average is $6.19.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The company had revenue of $8.75 million for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 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.