StockNews.com upgraded shares of Broadway Financial (NASDAQ:BYFC – Get Rating) from a sell rating to a hold rating in a research report report published on Wednesday.

Separately, TheStreet lowered Broadway Financial from a c- rating to a d+ rating in a research report on Monday, July 18th.

Broadway Financial Trading Up 3.7 %

Shares of Broadway Financial stock opened at $1.11 on Wednesday. The firm has a market cap of $84.75 million, a price-to-earnings ratio of 55.70 and a beta of 1.02. The business has a 50-day moving average price of $1.06 and a 200-day moving average price of $1.40. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Broadway Financial has a twelve month low of $0.88 and a twelve month high of $4.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BYFC. Vanguard Group Inc. grew its position in Broadway Financial by 60.8% in the first quarter. Vanguard Group Inc. now owns 1,882,843 shares of the savings and loans company's stock worth $2,994,000 after acquiring an additional 711,808 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC grew its position in Broadway Financial by 30.6% in the first quarter. Philadelphia Financial Management of San Francisco LLC now owns 2,956,478 shares of the savings and loans company's stock worth $4,701,000 after acquiring an additional 692,395 shares in the last quarter. US Bancorp DE grew its position in Broadway Financial by 161.9% in the second quarter. US Bancorp DE now owns 442,334 shares of the savings and loans company's stock worth $469,000 after acquiring an additional 273,420 shares in the last quarter. Grace & White Inc. NY grew its position in Broadway Financial by 24.6% in the second quarter. Grace & White Inc. NY now owns 1,386,134 shares of the savings and loans company's stock worth $1,469,000 after acquiring an additional 273,420 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Broadway Financial in the second quarter worth about $160,000. Hedge funds and other institutional investors own 16.87% of the company's stock.

Broadway Financial Company Profile

(Get Rating)

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, NOW accounts, money market accounts, and fixed-term certificates of deposit.

Further Reading

• Get a free copy of the StockNews.com research report on Broadway Financial (BYFC)
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