Broadway Financial (NASDAQ:BYFC) Coverage Initiated at StockNews.com

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

Broadway Financial Stock Up 3.1 %

NASDAQ:BYFC opened at $4.99 on Thursday. The stock has a market cap of $46.30 million, a PE ratio of 10.40 and a beta of 0.63. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $8.64. The firm’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $6.02.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during 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 acquiring 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 filing with the Securities and Exchange Commission. 12.12% of the stock is owned by institutional investors.

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.