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

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

Broadway Financial Trading Down 1.3 %

BYFC stock opened at $1.13 on Wednesday. The company's 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.39. 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 52-week low of $0.88 and a 52-week high of $4.28. The firm has a market cap of $86.02 million, a P/E ratio of 56.53 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Philadelphia Financial Management of San Francisco LLC lifted its stake in Broadway Financial by 21.3% in the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 2,264,083 shares of the savings and loans company's stock valued at $5,230,000 after buying an additional 397,787 shares in the last quarter. Vanguard Group Inc. lifted its stake in Broadway Financial by 60.8% in the 1st quarter. Vanguard Group Inc. now owns 1,882,843 shares of the savings and loans company's stock valued at $2,994,000 after buying an additional 711,808 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Broadway Financial by 43.6% in the 1st quarter. Renaissance Technologies LLC now owns 255,137 shares of the savings and loans company's stock valued at $406,000 after buying an additional 77,437 shares in the last quarter. US Bancorp DE lifted its stake in Broadway Financial by 22.5% in the 1st quarter. US Bancorp DE now owns 168,914 shares of the savings and loans company's stock valued at $269,000 after buying an additional 31,051 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Broadway Financial in the 2nd quarter valued at about $160,000. 16.87% of the stock is owned by hedge funds and other institutional investors.

About Broadway Financial

(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.

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