StockNews.com Initiates Coverage on Broadway Financial (NASDAQ:BYFC)

Equities research analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a note issued to investors on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

BYFC opened at $7.23 on Friday. The company has a 50-day moving average of $7.66 and a 200-day moving average of $7.14. The company has a market capitalization of $65.88 million, a P/E ratio of 180.80 and a beta of 0.73. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Investors Weigh In On Broadway Financial

A number of institutional investors have recently modified their holdings of the business. M3F Inc. grew its position 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. Dimensional Fund Advisors LP grew its position 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. Finally, Wittenberg Investment Management Inc. grew its position 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. Institutional investors 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.