Equities researchers at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a research note issued on Saturday. The brokerage set a "sell" rating on the savings and loans company's stock.
Separately, TheStreet cut Broadway Financial from a "c-" rating to a "d+" rating in a report on Monday, July 18th.
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Broadway Financial Price Performance
Broadway Financial stock opened at $1.13 on Friday. The stock has a market capitalization of $86.02 million, a price-to-earnings ratio of 56.53 and a beta of 0.94. Broadway Financial has a 52-week low of $0.88 and a 52-week high of $3.50. The stock's 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.
Broadway Financial (NASDAQ:BYFC – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $8.30 million for the quarter. Broadway Financial had a return on equity of 1.13% and a net
margin of 4.83%.
Hedge Funds Weigh In On Broadway Financial
A number of large investors have recently modified their holdings of BYFC. Virtu Financial LLC purchased a new stake in Broadway Financial in the 1st quarter valued at $37,000. Jane Street Group LLC purchased a new stake in shares of Broadway Financial during the 2nd quarter valued at $64,000. State Street Corp increased its position in shares of Broadway Financial by 94.9% during the 1st quarter. State Street Corp now owns 77,814 shares of the savings and loans company's stock valued at $124,000 after purchasing an additional 37,896 shares during the last quarter. BlackRock Inc. increased its position in shares of Broadway Financial by 13.0% during the 1st quarter. BlackRock Inc. now owns 98,407 shares of the savings and loans company's stock valued at $157,000 after purchasing an additional 11,321 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Broadway Financial in the 2nd quarter worth about $160,000. 15.08% of the stock is currently owned by institutional investors.
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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