Millennium Management LLC Sells 1,785 Shares of Broadway Financial Co. (NASDAQ:BYFC)

Millennium Management LLC lessened its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,627 shares of the savings and loans company’s stock after selling 1,785 shares during the quarter. Millennium Management LLC owned about 0.34% of Broadway Financial worth $210,000 at the end of the most recent quarter.

Separately, Dimensional Fund Advisors LP lifted its stake in shares of Broadway Financial by 29.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after buying an additional 4,850 shares in the last quarter. 12.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Broadway Financial in a report on Sunday, May 18th. They set a “sell” rating on the stock.

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $6.12 on Friday. The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $7.01. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $55.81 million, a PE ratio of 153.04 and a beta of 0.71. Broadway Financial Co. has a twelve month low of $4.68 and a twelve month high of $9.46.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Monday, April 28th. The savings and loans company reported ($0.14) earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The company had revenue of $8.33 million for the quarter.

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.