Wedbush Securities Inc. grew its position in shares of Broadway Financial Corp (NASDAQ:BYFC) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,896 shares of the savings and loans company’s stock after purchasing an additional 9,215 shares during the quarter. Wedbush Securities Inc. owned about 0.39% of Broadway Financial worth $113,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc raised its holdings in Broadway Financial by 1,840.3% in the third quarter. Vanguard Group Inc now owns 439,238 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 416,600 shares in the last quarter. Vanguard Group Inc. raised its holdings in Broadway Financial by 1,840.3% in the third quarter. Vanguard Group Inc. now owns 439,238 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 416,600 shares in the last quarter. Finally, Grace & White Inc. NY raised its holdings in Broadway Financial by 4.3% in the fourth quarter. Grace & White Inc. NY now owns 1,603,457 shares of the savings and loans company’s stock worth $1,684,000 after purchasing an additional 66,786 shares in the last quarter. Hedge funds and other institutional investors own 9.70% of the company’s stock.
Shares of NASDAQ:BYFC traded up $0.04 on Monday, hitting $1.34. 31 shares of the company traded hands, compared to its average volume of 8,162. Broadway Financial Corp has a 52 week low of $0.95 and a 52 week high of $2.54. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.38 and a quick ratio of 1.31. The company has a market capitalization of $35.64 million, a PE ratio of 43.33 and a beta of 1.34.
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Broadway Financial Profile
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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