Broadway Financial (NASDAQ:BYFC) Share Price Passes Below Two Hundred Day Moving Average of $1.10

Broadway Financial Co. (NASDAQ:BYFC – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.10 and traded as low as $1.00. Broadway Financial shares last traded at $1.01, with a volume of 121,296 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Broadway Financial in a report on Saturday. They issued a “sell” rating on the stock.

Broadway Financial Stock Down 2.9 %

The company has a market capitalization of $76.88 million, a price-to-earnings ratio of 12.63 and a beta of 0.76. The stock’s fifty day simple moving average is $1.21 and its two-hundred day simple moving average is $1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.07 and a quick ratio of 0.07.

Broadway Financial (NASDAQ:BYFC – Get Rating) last issued its earnings results on Friday, February 10th. The savings and loans company reported $0.02 earnings per share for the quarter. The company had revenue of $9.33 million for the quarter. Broadway Financial had a net margin of 14.99% and a return on equity of 4.24%.

Hedge Funds Weigh In On Broadway Financial

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Broadway Financial by 71.9% in the 3rd 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 in the last quarter. Grace & White Inc. NY grew its position in Broadway Financial by 8.4% in the 4th quarter. Grace & White Inc. NY now owns 1,557,942 shares of the savings and loans company’s stock valued at $1,574,000 after buying an additional 121,215 shares in the last quarter. EJF Capital LLC grew its position in Broadway Financial by 141.7% in the 3rd quarter. EJF Capital LLC now owns 1,525,752 shares of the savings and loans company’s stock valued at $1,724,000 after buying an additional 894,506 shares in the last quarter. US Bancorp DE grew its position 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, Renaissance Technologies LLC grew its position in Broadway Financial by 31.3% in the 3rd quarter. Renaissance Technologies LLC now owns 311,110 shares of the savings and loans company’s stock valued at $352,000 after buying an additional 74,096 shares in the last quarter. 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.