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

Equities researchers at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFCGet Rating) in a research note issued to investors on Friday. The firm set a “sell” rating on the savings and loans company’s stock.

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

Broadway Financial Price Performance

Broadway Financial stock opened at $1.15 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $87.54 million, a price-to-earnings ratio of 57.53 and a beta of 0.94. Broadway Financial has a fifty-two week low of $0.88 and a fifty-two week high of $3.67. The stock’s fifty day moving average is $1.07 and its two-hundred day moving average is $1.32.

Broadway Financial (NASDAQ:BYFCGet Rating) last posted its earnings results on Monday, August 8th. The savings and loans company reported $0.03 earnings per share for the quarter. The company had revenue of $8.30 million for the quarter. Broadway Financial had a return on equity of 1.13% and a net margin of 4.83%.

Institutional Trading of Broadway Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Broadway Financial in the second quarter valued at $64,000. Millennium Management LLC purchased a new stake in shares of Broadway Financial in the second quarter valued at $160,000. US Bancorp DE lifted its position 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 valued at $469,000 after acquiring an additional 273,420 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of Broadway Financial by 24.6% in the second 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 acquiring an additional 273,420 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Broadway Financial in the first quarter valued at $37,000. 15.08% of the stock is currently owned by hedge funds and other 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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