Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report published on Saturday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Up 1.0 %

Shares of Broadway Financial stock opened at $5.07 on Friday. The firm has a market capitalization of $46.29 million, a price-to-earnings ratio of 16.90 and a beta of 0.70. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $8.47. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.10 and a current ratio of 1.29. The stock has a 50 day moving average of $5.12 and a 200 day moving average of $5.40.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a return on equity of 2.16% and a net margin of 4.66%. The company had revenue of $8.19 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the quarter. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 at the end of the most recent quarter. 12.12% of the stock is owned by institutional investors.

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.