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 research report report published on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 0.7 %

Shares of Broadway Financial stock opened at $7.23 on Friday. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The company has a market cap of $65.88 million, a P/E ratio of 180.80 and a beta of 0.73. The firm’s 50 day moving average price is $7.66 and its 200-day moving average price is $7.14. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46.

Broadway Financial (NASDAQ:BYFC) last released its quarterly 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

A number of large investors have recently modified their holdings of BYFC. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial by 12.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after purchasing an additional 5,566 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Broadway Financial by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after buying an additional 4,850 shares during the period. Finally, M3F Inc. grew its holdings in shares of Broadway Financial by 56.7% during the fourth 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 last quarter. Hedge funds and other 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.