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

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a report issued on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

BYFC stock opened at $1.58 on Monday. The firm has a market cap of $113.39 million, a P/E ratio of -11.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.03. Broadway Financial has a 52-week low of $1.44 and a 52-week high of $4.28. The company’s 50-day moving average is $1.62.

Broadway Financial (NASDAQ:BYFC – Get Rating) last released its quarterly earnings results on Friday, March 11th. The savings and loans company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $6.64 million for the quarter. Broadway Financial had a negative net margin of 14.48% and a negative return on equity of 3.73%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in shares of Broadway Financial in the 3rd quarter worth approximately $57,000. Morgan Stanley boosted its stake in shares of Broadway Financial by 1,822.9% in the 3rd quarter. Morgan Stanley now owns 23,671 shares of the savings and loans company’s stock worth $79,000 after buying an additional 22,440 shares during the last quarter. State Street Corp purchased a new position in shares of Broadway Financial in the 2nd quarter worth approximately $81,000. Citadel Advisors LLC boosted its stake in shares of Broadway Financial by 62.7% in the 3rd quarter. Citadel Advisors LLC now owns 35,862 shares of the savings and loans company’s stock worth $119,000 after buying an additional 13,821 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Broadway Financial by 45.7% in the fourth quarter. Northern Trust Corp now owns 56,841 shares of the savings and loans company’s stock valued at $131,000 after purchasing an additional 17,836 shares during the last quarter. Hedge funds and other institutional investors own 14.42% of the company’s stock.

About Broadway Financial (Get Rating)

Broadway Financial Corp. is a bank holding company, which offers personal, money market, checking and certificate of deposit accounts. It also offers credit cards, online banking, bank by mail, gold phone and online bill pay. The company was founded in September 1995 and is headquartered in Los Angeles, CA.

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