Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Wednesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Up 8.3 %

Shares of NASDAQ:BYFC opened at $6.77 on Wednesday. The stock has a 50 day moving average of $7.08 and a 200 day moving average of $7.11. The company has a market cap of $61.74 million, a PE ratio of 169.29 and a beta of 0.73. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $9.46. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Dimensional Fund Advisors LP increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,559 shares of the savings and loans company’s stock after purchasing an additional 4,850 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.24% of Broadway Financial worth $148,000 at the end of the most recent reporting period. 12.12% of the stock is owned by institutional investors and hedge funds.

Broadway Financial Company Profile

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