Broadway Financial (NASDAQ:BYFC) Posts Quarterly Earnings Results

Broadway Financial (NASDAQ:BYFC) posted its earnings results on Tuesday. The savings and loans company reported $0.04 EPS for the quarter, FiscalAI reports. Broadway Financial had a positive return on equity of 1.41% and a negative net margin of 36.31%.The business had revenue of $9.42 million for the quarter.

Broadway Financial Stock Performance

NASDAQ:BYFC opened at $7.50 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 0.03. The firm has a market cap of $68.85 million, a price-to-earnings ratio of -2.52 and a beta of 0.67. The firm’s fifty day moving average price is $7.97 and its 200 day moving average price is $7.24. Broadway Financial has a 1-year low of $5.51 and a 1-year high of $8.85.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. increased its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 28.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,222 shares of the savings and loans company’s stock after purchasing an additional 77,015 shares during the period. Broadway Financial makes up approximately 0.7% of M3F Inc.’s portfolio, making the stock its 25th largest position. M3F Inc. owned about 3.74% of Broadway Financial worth $2,496,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Broadway Financial Company Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.