Broadway Financial (NASDAQ:BYFC) Upgraded to “Hold” by ValuEngine

Broadway Financial (NASDAQ:BYFC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday, ValuEngine reports.

Shares of NASDAQ:BYFC traded up $0.05 during trading on Friday, hitting $1.80. 17,370 shares of the company’s stock were exchanged, compared to its average volume of 34,019. Broadway Financial has a 1-year low of $0.95 and a 1-year high of $2.15. The company’s 50-day moving average is $1.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.32 and a current ratio of 1.34. The company has a market capitalization of $48.53 million, a price-to-earnings ratio of 43.50 and a beta of 0.91.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Thursday, May 9th. The savings and loans company reported $0.01 EPS for the quarter. Broadway Financial had a net margin of 6.93% and a return on equity of 2.01%. The company had revenue of $3.19 million during the quarter.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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