StockNews.com lowered shares of Broadway Financial (NASDAQ:BYFC – Get Rating) from a hold rating to a sell rating in a report issued on Thursday.
Separately, TheStreet cut shares of Broadway Financial from a c- rating to a d+ rating in a research note on Monday, July 18th.
Get Broadway Financial alerts:Broadway Financial Stock Performance
Shares of BYFC opened at $1.11 on Thursday. Broadway Financial has a 52-week low of $0.88 and a 52-week high of $4.28. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average is $1.04 and its two-hundred day moving average is $1.38. The stock has a market cap of $84.49 million, a PE ratio of 55.53 and a beta of 1.02.
Broadway Financial (NASDAQ:BYFC – Get Rating) last announced its earnings results on Monday, August 8th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 4.83% and a return on equity of 1.13%. The company had revenue of $8.30 million for the quarter.Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BYFC. Vanguard Group Inc. raised its holdings in shares of Broadway Financial by 60.8% during the 1st 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 during the period. Philadelphia Financial Management of San Francisco LLC raised its holdings in shares of Broadway Financial by 30.6% during the 1st 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 during the period. US Bancorp DE raised its holdings in shares of Broadway Financial by 161.9% during the 2nd 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 during the period. Grace & White Inc. NY raised its holdings in shares of Broadway Financial by 24.6% during the 2nd 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 during the period. Finally, Millennium Management LLC purchased a new position in shares of Broadway Financial during the 2nd quarter worth $160,000. Hedge funds and other institutional investors own 15.08% of the company's stock.
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.
Recommended Stories
- Get a free copy of the StockNews.com research report on Broadway Financial (BYFC)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Receive News & Ratings for Broadway Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadway Financial and related companies with MarketBeat.com's FREE daily email newsletter.