Broadway Financial (NASDAQ:BYFC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note published on Sunday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 1.6 %

Shares of NASDAQ:BYFC opened at $7.51 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. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46. The company has a 50 day moving average of $7.63 and a two-hundred day moving average of $7.13. The company has a market capitalization of $68.43 million, a price-to-earnings ratio of 187.80 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Broadway Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Broadway Financial by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 4,850 shares during the last quarter. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial by 12.2% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after buying an additional 5,566 shares during the last quarter. Finally, M3F Inc. boosted its stake in shares of Broadway Financial by 56.7% during 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 last quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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.