StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a research report released on Thursday morning. The brokerage issued a sell rating on the savings and loans company's stock.
Separately, TheStreet downgraded shares of Broadway Financial from a c- rating to a d+ rating in a research note on Monday, July 18th.
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Broadway Financial Stock Performance
Shares of BYFC opened at $1.14 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $86.78 million, a price-to-earnings ratio of 57.03 and a beta of 0.94. The company's 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.33. Broadway Financial has a 1 year low of $0.88 and a 1 year high of $4.28.
Broadway Financial (NASDAQ:BYFC – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $8.30 million for the quarter. Broadway Financial had a net
margin of 4.83% and a return on equity of 1.13%.
Hedge Funds Weigh In On Broadway Financial
Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Broadway Financial during the first quarter worth approximately $37,000. Jane Street Group LLC acquired a new stake in shares of Broadway Financial in the second quarter worth $64,000. State Street Corp increased its position in shares of Broadway Financial by 94.9% in the first quarter. State Street Corp now owns 77,814 shares of the savings and loans company's stock worth $124,000 after acquiring an additional 37,896 shares in the last quarter. BlackRock Inc. increased its position in shares of Broadway Financial by 13.0% in the first quarter. BlackRock Inc. now owns 98,407 shares of the savings and loans company's stock worth $157,000 after acquiring an additional 11,321 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Broadway Financial in the second quarter worth $160,000. Hedge funds and other institutional investors own 15.08% of the company's stock.
About Broadway Financial
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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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