Analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a research note issued on Wednesday. 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 research report on Monday, July 18th.
Broadway Financial Stock Performance
Shares of Broadway Financial stock opened at $1.15 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $1.12 and its 200-day moving average price is $1.23. The firm has a market cap of $87.54 million, a P/E ratio of 57.53 and a beta of 0.85. Broadway Financial has a 12 month low of $0.88 and a 12 month high of $3.50.
Broadway Financial (NASDAQ:BYFC – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The savings and loans company reported $0.03 EPS for the quarter. Broadway Financial had a net margin of 4.83% and a return on equity of 1.13%. The business had revenue of $8.30 million during the quarter.
Institutional Trading of Broadway Financial
Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Broadway Financial during the 1st quarter worth approximately $37,000. Jane Street Group LLC acquired a new position in shares of Broadway Financial during the second quarter worth $64,000. State Street Corp lifted its holdings 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. boosted its position in shares of Broadway Financial by 13.0% in the 1st quarter. BlackRock Inc. now owns 98,407 shares of the savings and loans company’s stock worth $157,000 after purchasing an additional 11,321 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Broadway Financial during the 2nd quarter worth $160,000. 15.08% of the stock is owned by hedge funds and other institutional investors.
About Broadway Financial
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.
Further Reading
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