Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Price Performance

BYFC stock opened at $5.88 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.29 and a quick ratio of 0.10. The company’s 50 day simple moving average is $5.21 and its 200-day simple moving average is $5.33. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $8.24. The firm has a market capitalization of $53.69 million, a PE ratio of 19.60 and a beta of 0.70.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. The firm had revenue of $8.19 million for the quarter. Broadway Financial had a return on equity of 2.16% and a net margin of 4.66%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. lifted its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm 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 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. 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.