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

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

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.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Broadway Financial right now?

Before you consider Broadway Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Broadway Financial wasn’t on the list.

Although Broadway Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.