Broadway Financial (BYFC) Downgraded to “Hold” at ValuEngine
Broadway Financial (NASDAQ:BYFC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
Broadway Financial (BYFC) traded up $0.04 during mid-day trading on Friday, hitting $2.24. The company had a trading volume of 8,727 shares, compared to its average volume of 9,917. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.38 and a quick ratio of 1.30. The stock has a market cap of $41.88, a P/E ratio of 13.18 and a beta of 0.77. Broadway Financial has a 52-week low of $1.47 and a 52-week high of $2.67.
Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Tuesday, October 31st. The savings and loans company reported $0.02 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 9.51% and a net margin of 23.96%. The firm had revenue of $3.54 million for the quarter.
About Broadway Financial
Broadway Financial Corporation is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank is a community-oriented savings institution. The Bank’s business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties with over five or more units (multi-family); commercial real estate, and residential properties with one-to four-units (single family).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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