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

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

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $7.63 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $9.46. The stock has a 50 day moving average of $7.58 and a two-hundred day moving average of $7.05. The stock has a market cap of $69.52 million, a P/E ratio of 190.80 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 for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. M3F Inc. increased its holdings in shares of Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after purchasing an additional 90,299 shares during the period. Wittenberg Investment Management Inc. increased its holdings 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 purchasing an additional 5,566 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 4,850 shares during the period. 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.