Broadway Financial (NASDAQ:BYFC) Posts Earnings Results

Broadway Financial (NASDAQ:BYFC) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.04 earnings per share for the quarter, FiscalAI reports. Broadway Financial had a negative net margin of 36.31% and a positive return on equity of 1.41%. The company had revenue of $9.42 million during the quarter.

Broadway Financial Stock Performance

Shares of Broadway Financial stock traded down $0.19 on Tuesday, hitting $7.26. 2,959 shares of the company’s stock were exchanged, compared to its average volume of 1,898. Broadway Financial has a 1 year low of $5.51 and a 1 year high of $8.85. The company has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $7.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.03 and a current ratio of 1.11. The stock has a market capitalization of $66.65 million, a PE ratio of -2.45 and a beta of 0.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its stake in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 28.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,222 shares of the savings and loans company’s stock after buying an additional 77,015 shares during the quarter. Broadway Financial comprises approximately 0.7% of M3F Inc.’s holdings, making the stock its 25th largest position. M3F Inc. owned about 3.74% of Broadway Financial worth $2,496,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.

Broadway Financial Company Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.