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

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

Broadway Financial Stock Performance

Shares of NASDAQ BYFC opened at $6.45 on Friday. The firm’s 50-day moving average price is $6.85 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. The company has a market cap of $58.83 million, a PE ratio of 161.32 and a beta of 0.73. 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 (NASDAQ:BYFC) last issued its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $8.33 million during the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP lifted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 29.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,559 shares of the savings and loans company’s stock after purchasing an additional 4,850 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Broadway Financial worth $148,000 at the end of the most recent reporting period. 12.12% of the stock is owned by institutional investors and hedge funds.

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.