Equities research analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a note issued to investors on Wednesday. The brokerage set a "sell" rating on the savings and loans company's stock.

Broadway Financial Stock Down 0.8 %

NASDAQ:BYFC opened at $1.01 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. Broadway Financial has a twelve month low of $0.83 and a twelve month high of $1.89. The stock's 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.09. The firm has a market capitalization of $76.88 million, a price-to-earnings ratio of 12.63 and a beta of 0.75.

Broadway Financial (NASDAQ:BYFC – Get Rating) last released its quarterly earnings results on Friday, February 10th. The savings and loans company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $9.33 million during the quarter. Broadway Financial had a return on equity of 4.27% and a net margin of 14.99%.

Hedge Funds Weigh In On Broadway Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Broadway Financial in the 1st quarter worth about $37,000. Jane Street Group LLC acquired a new position in Broadway Financial in the 2nd quarter worth about $64,000. Susquehanna International Group LLP bought a new stake in shares of Broadway Financial in the 4th quarter valued at about $62,000. State Street Corp grew its position 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 buying an additional 37,896 shares during the last quarter. Finally, BlackRock Inc. grew its position 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 buying an additional 11,321 shares during the last quarter. Institutional investors and hedge funds own 12.81% of the company's stock.

Broadway Financial Company Profile

(Get Rating)

Broadway Financial Corp. is a bank holding company, which engages in attracting deposits from the general public through its subsidiary. It also offers business lending, checking, savings, cash management, and banking solutions. The company was founded in September 1995 and is headquartered in Los Angeles, CA.

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