Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFCFree Report) in a research report sent to investors on Friday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of Broadway Financial stock opened at $6.29 on Friday. The firm has a market cap of $58.37 million, a price-to-earnings ratio of 13.10 and a beta of 0.61. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $6.98. Broadway Financial has a one year low of $5.12 and a one year high of $10.96. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.13 and a quick ratio of 0.02.

Institutional Trading of Broadway Financial

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Broadway Financial in the first quarter valued at about $37,000. Susquehanna International Group LLP bought a new stake in Broadway Financial during the fourth quarter worth about $62,000. Jane Street Group LLC bought a new stake in Broadway Financial during the second quarter worth about $64,000. State Street Corp raised its holdings in Broadway Financial by 94.9% during the first quarter. State Street Corp now owns 77,814 shares of the savings and loans company’s stock worth $124,000 after acquiring an additional 37,896 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its holdings in Broadway Financial by 157.7% during the second quarter. Wittenberg Investment Management Inc. now owns 155,683 shares of the savings and loans company’s stock worth $151,000 after acquiring an additional 95,279 shares in the last quarter. 12.79% of the stock is currently owned by institutional investors.

Broadway Financial Company Profile

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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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