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

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

Broadway Financial Stock Performance

Shares of BYFC stock opened at $1.05 on Friday. Broadway Financial has a one year low of $0.83 and a one year high of $2.14. The company’s 50-day moving average is $0.97 and its 200 day moving average is $1.04. The company has a market capitalization of $79.93 million, a price-to-earnings ratio of 26.26 and a beta of 0.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.07 and a current ratio of 0.07.

Broadway Financial (NASDAQ:BYFC – Get Rating) last released its earnings results on Wednesday, November 2nd. The savings and loans company reported $0.02 EPS for the quarter. Broadway Financial had a net margin of 7.87% and a return on equity of 2.00%. The company had revenue of $8.97 million for the quarter.

Hedge Funds Weigh In On Broadway Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Broadway Financial by 71.9% in the third quarter. Vanguard Group Inc. now owns 2,374,463 shares of the savings and loans company’s stock valued at $2,683,000 after buying an additional 992,987 shares during the last quarter. EJF Capital LLC increased its position in shares of Broadway Financial by 141.7% during the third quarter. EJF Capital LLC now owns 1,525,752 shares of the savings and loans company’s stock worth $1,724,000 after purchasing an additional 894,506 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Broadway Financial by 31.3% during the third quarter. Renaissance Technologies LLC now owns 311,110 shares of the savings and loans company’s stock worth $352,000 after purchasing an additional 74,096 shares in the last quarter. US Bancorp DE grew its holdings in Broadway Financial by 11.4% in the 3rd quarter. US Bancorp DE now owns 492,927 shares of the savings and loans company’s stock valued at $557,000 after buying an additional 50,593 shares in the last quarter. Finally, Grace & White Inc. NY grew its holdings in Broadway Financial by 3.6% in the 3rd quarter. Grace & White Inc. NY now owns 1,436,727 shares of the savings and loans company’s stock valued at $1,624,000 after buying an additional 50,593 shares in the last quarter. Hedge funds and other institutional investors own 12.81% of the company’s stock.

Broadway Financial Company Profile

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Broadway Financial Corp. is a bank holding company, which engages in attracting deposits from the general public through its subsidiary. It also offers business lending, checking, savings, cash management, and banking solutions. The company was founded in September 1995 and is headquartered in Los Angeles, CA.