Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $7.64 on Wednesday. The company has a market cap of $69.61 million, a PE ratio of 191.07 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46. The stock has a fifty day moving average price of $7.54 and a 200 day moving average price of $6.98.

Broadway Financial (NASDAQ:BYFC) last issued 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 return on equity of 1.44% and a net margin of 3.02%.

Institutional Trading of Broadway Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BYFC. Dimensional Fund Advisors LP increased 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 buying an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial by 12.2% in the third 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 in the last quarter. Finally, M3F Inc. boosted its position 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 worth $1,709,000 after buying an additional 90,299 shares in the last quarter. Institutional investors and hedge funds 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.