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

Stock analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a note issued to investors on Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 2.3 %

Shares of BYFC opened at $7.58 on Wednesday. The company’s 50-day simple moving average is $7.53 and its 200-day simple moving average is $6.97. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46. The stock has a market capitalization of $69.05 million, a PE ratio of 189.55 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Investors Weigh In On Broadway Financial

Large investors have recently bought and sold shares of the stock. M3F Inc. boosted its stake in shares of Broadway Financial by 56.7% in the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after buying an additional 90,299 shares during the period. Wittenberg Investment Management Inc. increased its stake in shares of Broadway Financial by 12.2% during the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after buying an additional 5,566 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 4,850 shares in the last quarter. Hedge funds and other institutional investors 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.