Broadway Financial (NASDAQ:BYFC) Now Covered by began coverage on shares of Broadway Financial (NASDAQ:BYFCGet Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Up 6.8 %

Shares of NASDAQ BYFC opened at $5.49 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $50.12 million, a PE ratio of 18.30 and a beta of 0.70. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.47. The stock has a fifty day simple moving average of $4.96 and a 200-day simple moving average of $5.67.

Broadway Financial (NASDAQ:BYFCGet Free Report) last released its earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.92%. The company had revenue of $11.62 million during the quarter.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFCFree Report) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned 3.73% of Broadway Financial worth $1,907,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Company Profile

(Get Free Report)

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.

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