Broadway Financial Co. (NASDAQ:BYFC – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.14 and traded as low as $7.01. Broadway Financial shares last traded at $7.23, with a volume of 1,759 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Broadway Financial in a report on Saturday. They set a “sell” rating on the stock.
Get Our Latest Analysis on BYFC
Broadway Financial Price Performance
Broadway Financial (NASDAQ:BYFC – Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BYFC. Dimensional Fund Advisors LP boosted its stake in Broadway Financial by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 4,850 shares in the last quarter. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial by 12.2% during the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock valued at $329,000 after buying an additional 5,566 shares in the last quarter. Finally, M3F Inc. boosted its stake in Broadway Financial by 56.7% during the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after buying an additional 90,299 shares in the last quarter. Institutional investors own 12.12% 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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