The Vanguard Group, Inc. has recently announced that it has increased stake in Broadway Financial Corporation (NASDAQ:BYFC) by 72.81%. After grabbing 2.37 million shares, the institutional investor is now in possession of 1.0 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.07% having worth around $2.26 million. Moreover, EJF Capital LLC increased its share by 0.89 million to have a control over 1.53 million shares. And Grace & White, Inc. raised its holdings to 50593.0 shares by acquiring 1.44 million shares or 3.07% of the stake.
Broadway Financial Corporation (BYFC) concluded trading on 01/11/23 at a closing price of $1.04, with 0.73 million shares of worth about $0.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.85% during that period and on Wednesday the price saw a gain of about 4.01%. Currently the company’s common shares owned by public are about 72.56M shares, out of which, 37.80M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the BYFC stock and their offered price forecasts bring an average price target of $15.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $15.00. However, touching the estimated high of $15.00 would mean a gain of 93.07% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 404,962 shares in 13 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, Bridgeway Omni Small Cap Value Fu, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Broadway Financial Corporation Vanguard Total Stock Market Index is currently holding 2.11 million shares of worth totaling $2.01 million. The company recently came buying 0.0 shares which brought its stake up to 4.51% of the company’s outstanding shares. Bridgeway Omni Small Cap Value Fu sold -0.15 million shares, after which its hold over company’s outstanding shares shrunk to 0.68%, leaving 0.32 million shares with the mutual fund that have a worth of about $0.3 million. Vanguard Extended Market Index Fu, after buying 0.24 million shares, have now control over 0.50% of the stake in the company. It holds 0.0 shares of worth $0.22 million.
However, the stock later moved at a day high price of 1.0550, or with a gain of 4.01%. Stock saw a price change of 1.96% in past 5 days and over the past one month there was a price change of 16.45%. Year-to-date (YTD), BYFC shares are showing a performance of 2.97% which decreased to -55.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.83 but also hit the highest price of $2.36 during that period. The average intraday trading volume for Broadway Financial Corporation shares is 108.53K. The stock is currently trading 10.86% above its 20-day simple moving average (SMA20), while that difference is up 5.81% for SMA50 and it goes to -12.93% lower than SMA200.
The Vanguard Group, Inc. acquired 2.37 million shares of Broadway Financial Corporation having value of about $2.26 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.0 million shares in the company valued at close to $1040445.12, or have control over 72.81% stake in the company. Broadway Financial Corporation (NASDAQ: BYFC) currently have 72.56M outstanding shares and institutions hold larger chunk of about 15.80% of that. Holding of mutual funds in the company is about 19.37% while other institutional holders and individual stake holders have control over 7.49% and 13.37% of the stake respectively.
The stock has a current market capitalization of $50.93M and its 3Y-monthly beta is at 0.73. PE ratio of stock for trailing 12 months is 28.89, while it has posted earnings per share of $0.04 in the same period. It has a debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BYFC, volatility over the week remained 5.03% while standing at 6.49% over the month.
Analysts are in expectations that Broadway Financial Corporation (BYFC) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -184.90%.
Analysts at 1 brokerage firms have issued recommendations for the Broadway Financial Corporation (BYFC)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
