November 22, 2016 - By Dolores Ford · 0 Comments
Broadway Financial Corp (NASDAQ:BYFC) institutional sentiment increased to 7 in 2016 Q2. Its up 6.00, from 1 in 2016Q1. The ratio has increased, as 2 active investment managers opened new and increased equity positions, while 2 reduced and sold their stakes in Broadway Financial Corp. The active investment managers in our partner’s database now possess: 1.72 million shares, down from 3.71 million shares in 2016Q1. Also, the number of active investment managers holding Broadway Financial Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 2 New Position: 0.
Broadway Financial Corporation is a savings and loan holding company. The company has a market cap of $32.97 million. The Firm is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. . It has a 6.51 P/E ratio. The Bank is a community-oriented savings institution.
About 1,100 shares traded hands. Broadway Financial Corp (NASDAQ:BYFC) has declined 18.46% since April 20, 2016 and is downtrending. It has underperformed by 23.02% the S&P500.
According to Zacks Investment Research, “Broadway Financial Corporation’s principal business is serving as a holding company for Broadway Federal. The company’s and Broadway Federal’s results of operations are dependent primarily on net interest income, which is the difference between the interest income earned on its interest-earning assets, such as loans and investments, and the interest expense on interest-bearing liabilities, such as deposits and borrowings.”
Grace & White Inc Ny holds 0.55% of its portfolio in Broadway Financial Corp for 1.35 million shares. Acadian Asset Management Llc owns 407 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 965 shares. The New York-based Morgan Stanley has invested 0% in the stock. Us Bancorp De, a Minnesota-based fund reported 375,001 shares.#img1#
Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Firm 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). The Bank operates over two retail-banking offices in Los Angeles and one in the city of Inglewood, California.
More notable recent Broadway Financial Corp (NASDAQ:BYFC) news were published by: Latimes.com which released: “Broadway Financial banks on customers in underserved areas of LA” on February 09, 2015, also Businesswire.com with their article: “Broadway Financial Corporation Announces Termination of the Order to Cease and …” published on February 09, 2016, Businesswire.com published: “Broadway Financial Corporation Announces Profit for 3rd Quarter” on November 01, 2016. More interesting news about Broadway Financial Corp (NASDAQ:BYFC) were released by: Businesswire.com and their article: “Broadway Financial Corporation Announces Profits for 1st Quarter” published on May 03, 2016 as well as Businesswire.com‘s news article titled: “Broadway Financial Corporation Announces Rescission of the Consent Order by …” with publication date: November 30, 2015.
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By Dolores Ford