Coverage of Broadway Financial (NASDAQ:BYFC) research has begun on StockNews.com

StockNews.com began covering stocks of Broadway Financial (NASDAQ: BYFC) in a research note published Tuesday. The brokerage firm has placed a “sell” rating on the shares of the savings and loan company.

NASDAQ:BYFC shares opened at $1.67 on Tuesday. The company has a market capitalization of $119.85 million, a P/E ratio of -11.93 and a beta of 0.92. Broadway Financial has a 1-year low of $1.63 and a 1-year high of $4.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt ratio of 0.65. The company’s 50-day moving average is $2.18.

Institutional investors and hedge funds have been buying and selling stocks recently. State Street Corp bought a new stake in Broadway Financial during the second quarter for about $81,000. Vanguard Group Inc. increased its position in Broadway Financial by 110.2% during the second quarter. Vanguard Group Inc. now owns 1,158,039 shares of the savings and loan company valued at $3,115,000 after buying an additional 607,091 shares last quarter. Bank of America Corp DE acquired a new position in Broadway Financial during the second quarter worth approximately $5,735,000. Geode Capital Management LLC increased its position in Broadway Financial by 6.4% during the second quarter. Geode Capital Management LLC now owns 127,243 shares of the savings and loan company valued at $342,000 after purchasing an additional 7,649 shares last quarter. Finally, Royal Bank of Canada acquired a new position in Broadway Financial during the third quarter worth approximately $226,000. 14.42% of the shares are held by institutional investors and hedge funds.

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Broadway Financial Company Profile

Broadway Financial Corp. is a bank holding company that offers personal accounts, money market, checks and certificates of deposit. It also offers credit cards, online banking, mail banking, gold phone and online bill payment. The company was founded in September 1995 and is based in Los Angeles, California.

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