Broadway Financial (NASDAQ:BYFC) Share Price Crosses Below 200 Day Moving Average of $6.42

Broadway Financial Co. (NASDAQ:BYFC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.42 and traded as low as $5.02. Broadway Financial shares last traded at $5.12, with a volume of 1,166 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Broadway Financial in a report on Saturday. They set a “sell” rating on the stock.

Broadway Financial Trading Up 2.1 %

The business’s fifty day simple moving average is $5.81 and its 200 day simple moving average is $6.42. The stock has a market cap of $47.51 million, a P/E ratio of 10.67 and a beta of 0.59.

Institutional Investors Weigh In On Broadway Financial

A number of hedge funds have recently added to or reduced their stakes in BYFC. US Bancorp DE grew its holdings in Broadway Financial by 22.5% during the 1st quarter. US Bancorp DE now owns 168,914 shares of the savings and loans company’s stock worth $269,000 after acquiring an additional 31,051 shares during the last quarter. BlackRock Inc. boosted its stake 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 valued at $157,000 after purchasing an additional 11,321 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Broadway Financial by 60.8% in 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 last quarter. Renaissance Technologies LLC boosted its stake in shares of Broadway Financial by 43.6% in the 1st quarter. Renaissance Technologies LLC now owns 255,137 shares of the savings and loans company’s stock valued at $406,000 after purchasing an additional 77,437 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Broadway Financial by 94.9% in 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. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Company 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.