Grace & White Inc. NY Lowers Holdings in Broadway Financial Corporation $BYFC

Grace & White Inc. NY trimmed its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 188,310 shares of the savings and loans company’s stock after selling 8,750 shares during the period. Grace & White Inc. NY owned approximately 2.06% of Broadway Financial worth $1,365,000 at the end of the most recent quarter.

Separately, M3F Inc. boosted its position in shares of Broadway Financial by 7.1% during the first quarter. M3F Inc. now owns 267,207 shares of the savings and loans company’s stock worth $1,916,000 after buying an additional 17,757 shares during the period. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Broadway Financial Trading Down 2.8%

NASDAQ:BYFC opened at $7.31 on Friday. The firm has a market cap of $67.25 million, a PE ratio of -56.23 and a beta of 0.74. The stock has a fifty day moving average price of $7.58 and a 200 day moving average price of $7.07. Broadway Financial Corporation has a 12-month low of $5.71 and a 12-month high of $9.46. The company has a current ratio of 1.15, a quick ratio of 0.03 and a debt-to-equity ratio of 0.65.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Thursday, July 31st. The savings and loans company reported ($0.02) earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 3.18% and a return on equity of 1.46%.

Broadway Financial 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.