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

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

Broadway Financial Price Performance

Shares of BYFC opened at $5.10 on Friday. The company has a market capitalization of $46.56 million, a P/E ratio of 17.00 and a beta of 0.70. The company has a quick ratio of 0.10, a current ratio of 1.29 and a debt-to-equity ratio of 2.35. The firm has a 50 day moving average of $5.09 and a 200 day moving average of $5.44. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.47.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share for the quarter. The company had revenue of $11.62 million during the quarter. Broadway Financial had a net margin of 4.92% and a return on equity of 2.15%.

Institutional Investors Weigh In On Broadway Financial

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