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

Posted by Stacy Sanders on Nov 16th, 2024

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

Broadway Financial Stock Performance

NASDAQ BYFC remained flat at $7.20 during trading hours on Friday. 309 shares of the company were exchanged, compared to its average volume of 8,335. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. The business’s fifty day moving average price is $6.69 and its 200-day moving average price is $5.83. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $7.99. The company has a market cap of $65.74 million, a PE ratio of 24.83 and a beta of 0.71.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a return on equity of 2.45% and a net margin of 5.01%. The business had revenue of $8.75 million for the quarter.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. grew its position in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by institutional investors.

About Broadway Financial

(Get Free Report)

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.