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 released on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Up 2.7 %

NASDAQ:BYFC opened at $7.21 on Friday. The firm has a 50-day simple moving average of $6.73 and a two-hundred day simple moving average of $5.92. The firm has a market cap of $65.68 million, a P/E ratio of 24.86 and a beta of 0.71. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. 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 announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The firm had revenue of $8.75 million during the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission. 12.12% of the stock is owned by hedge funds and other institutional investors.

Broadway Financial Company Profile

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.