Broadway Financial (NASDAQ:BYFC) Issues Earnings Results

Broadway Financial (NASDAQ:BYFC) announced its earnings results on Friday. The savings and loans company reported $0.23 earnings per share for the quarter, FiscalAI reports. Broadway Financial had a return on equity of 1.46% and a net margin of 3.18%.The company had revenue of $9.04 million during the quarter.

Broadway Financial Stock Up 3.1%

NASDAQ:BYFC traded up $0.25 during trading hours on Friday, reaching $8.26. The company had a trading volume of 1,343 shares, compared to its average volume of 3,238. The business’s 50-day simple moving average is $7.39 and its two-hundred day simple moving average is $7.23. Broadway Financial has a twelve month low of $5.51 and a twelve month high of $8.85. The firm has a market cap of $75.83 million, a price-to-earnings ratio of -63.04 and a beta of 0.71. The company has a quick ratio of 0.04, a current ratio of 1.16 and a debt-to-equity ratio of 0.67.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. increased its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 409,685 shares of the savings and loans company’s stock after acquiring an additional 65,463 shares during the period. Broadway Financial comprises approximately 0.8% of M3F Inc.’s portfolio, making the stock its 23rd biggest holding. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent quarter. Institutional investors own 12.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial presently has a consensus rating of “Sell”.

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.