Equities research analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Rating) in a report issued on Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.
Broadway Financial Price Performance
Shares of Broadway Financial stock opened at $1.03 on Wednesday. The business’s fifty day moving average price is $0.97 and its two-hundred day moving average price is $1.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.08 and a quick ratio of 0.05. The company has a market capitalization of $75.72 million, a P/E ratio of 11.45 and a beta of 0.74. Broadway Financial has a 1-year low of $0.83 and a 1-year high of $1.55.
Institutional Trading of Broadway Financial
Several hedge funds have recently added to or reduced their stakes in BYFC. Wittenberg Investment Management Inc. acquired a new stake in shares of Broadway Financial in the first quarter valued at $63,000. Renaissance Technologies LLC lifted its holdings in Broadway Financial by 30.7% in the 1st quarter. Renaissance Technologies LLC now owns 307,614 shares of the savings and loans company’s stock valued at $323,000 after acquiring an additional 72,316 shares during the last quarter. Salzhauer Michael acquired a new stake in Broadway Financial in the 1st quarter valued at about $79,000. Susquehanna International Group LLP acquired a new stake in Broadway Financial in the 4th quarter valued at about $62,000. Finally, Grace & White Inc. NY lifted its holdings in Broadway Financial by 8.4% in the 4th quarter. Grace & White Inc. NY now owns 1,557,942 shares of the savings and loans company’s stock valued at $1,574,000 after acquiring an additional 121,215 shares during the last quarter. Institutional investors own 12.81% of the company’s stock.
About Broadway Financial
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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