Wednesday, October 16, 2024
HomeFinancial ReportsEarningsBroadway Financial (BYFC) downgraded to Sell by StockNews.com.

Broadway Financial (BYFC) downgraded to Sell by StockNews.com.

Broadway Financial Stock Overview

BYFC opened at $6.59 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.13, and a debt-to-equity ratio of 2.33. Its 50-day and 200-day moving averages are $6.42 and $5.55, respectively. Broadway Financial’s market cap is $60.17 million, with a P/E ratio of 21.97 and a beta of 0.72. The stock hit a low of $4.41 and a high of $7.98 over the past year.

Recent Earnings

On July 30, Broadway Financial (NASDAQ:BYFC) reported $0.03 earnings per share (EPS) with a return on equity of 2.15% and a net margin of 4.66%. The revenue for the quarter was $8.19 million.

Investments and Shareholding

Vanguard Group Inc. increased its stake in Broadway Financial by 6.1% in Q1, now holding 346,020 shares valued at about $1.9 million (3.73% ownership). Institutional investors own 12.12% of the stock.

Company Profile

Broadway Financial Corporation is the parent company of City First Bank, offering various banking products in the U.S., including savings and checking accounts and certificates of deposit.

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