Broadway Financial (NASDAQ:BYFC) Sees Large Volume Increase

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Broadway Financial Corp (NASDAQ:BYFC) shares saw strong trading volume on Thursday . 100 shares traded hands during mid-day trading, a decline of 99% from the previous session’s volume of 7,609 shares.The stock last traded at $1.48 and had previously closed at $1.47.

The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.32 and a current ratio of 1.34. The company’s 50 day moving average price is $1.38. The company has a market cap of $38.77 million, a PE ratio of 34.75 and a beta of 0.96.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Thursday, May 9th. The savings and loans company reported $0.01 EPS for the quarter. Broadway Financial had a net margin of 6.93% and a return on equity of 2.01%. The firm had revenue of $3.19 million during the quarter.

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. lifted its stake in Broadway Financial Corp (NASDAQ:BYFC) by 1,840.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,238 shares of the savings and loans company’s stock after purchasing an additional 416,600 shares during the period. Vanguard Group Inc. owned approximately 1.60% of Broadway Financial worth $619,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.18% of the company’s stock.

Broadway Financial Company Profile (NASDAQ:BYFC)

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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