Broadway Financial (NASDAQ:BYFC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFCGet Rating) in a report issued on Thursday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Separately, TheStreet lowered shares of Broadway Financial from a “c-” rating to a “d+” rating in a research note on Monday, July 18th.

Broadway Financial Trading Down 1.8 %

Shares of NASDAQ:BYFC opened at $1.11 on Thursday. The firm has a fifty day moving average of $1.05 and a two-hundred day moving average of $1.34. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. Broadway Financial has a 12-month low of $0.88 and a 12-month high of $4.28. The firm has a market capitalization of $84.49 million, a P/E ratio of 55.53 and a beta of 0.94.

Broadway Financial (NASDAQ:BYFCGet Rating) last announced its quarterly 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 return on equity of 1.13% and a net margin of 4.83%. The business had revenue of $8.30 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Philadelphia Financial Management of San Francisco LLC lifted its position in 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 last quarter. Vanguard Group Inc. boosted its stake in 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 valued at $2,994,000 after purchasing an additional 711,808 shares during the period. Grace & White Inc. NY grew its holdings in Broadway Financial by 24.6% in the 2nd quarter. Grace & White Inc. NY now owns 1,386,134 shares of the savings and loans company’s stock valued at $1,469,000 after buying an additional 273,420 shares during the last quarter. US Bancorp DE grew its stake in shares of Broadway Financial by 161.9% in the second 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 last quarter. Finally, Renaissance Technologies LLC increased its position in Broadway Financial by 43.6% during the first quarter. Renaissance Technologies LLC now owns 255,137 shares of the savings and loans company’s stock worth $406,000 after acquiring an additional 77,437 shares during the period. 15.08% of the stock is owned by institutional investors.

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.

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