Broadway Financial Stock Today
| BYFC Stock | USD 5.14 0.28 5.76% |
Performance0 of 100
| Odds Of DistressLess than 5
|
Broadway Financial is trading at 5.14 as of the 25th of April 2024, a 5.76 percent up since the beginning of the trading day. The stock's open price was 4.86. Broadway Financial has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Broadway Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 9th of January 1996 | Category Financial Services | Classification Financials |
Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. Broadway Financial Corporation was founded in 1946 and is headquartered in Los Angeles, California. The company has 6.18 M outstanding shares of which 8.2 K shares are currently shorted by private and institutional investors with about 1.16 trading days to cover. More on Broadway Financial
Moving together with Broadway Stock
| 0.65 | AX | Axos Financial Earnings Call This Week | PairCorr |
Moving against Broadway Stock
| 0.83 | TECTP | Tectonic Financial | PairCorr |
| 0.75 | DB | Deutsche Bank AG Upward Rally | PairCorr |
| 0.69 | CFG-PD | Citizens Financial | PairCorr |
| 0.49 | NU | Nu Holdings Aggressive Push | PairCorr |
Broadway Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Broadway Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Broadway Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | WayneKent Bradshaw | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Thrifts & Mortgage Finance, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Thrifts & Mortgage Finance, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Broadway Financial report their recommendations after researching Broadway Financial's financial statements, talking to executives and customers, or listening in on Broadway Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Broadway Financial. The Broadway consensus assessment is calculated by taking the average forecast from all of the analysts covering Broadway Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Broadway Financial's profitability, liquidity, and operating efficiency, Broadway Financial may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Broadway Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broadway Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Broadway Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Broadway Financial's financial leverage. It provides some insight into what part of Broadway Financial's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Broadway Financial (BYFC) is traded on NASDAQ Exchange in USA. It is located in 4601 Wilshire Boulevard, Los Angeles, CA, United States, 90010 and employs 83 people. Broadway Financial is listed under Thrifts & Mortgage Finance category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 47.69 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Broadway Financial's market, we take the total number of its shares issued and multiply it by Broadway Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Broadway Financial conducts business under Thrifts & Mortgage Finance sector and is part of Financials industry. The entity has 6.18 M outstanding shares of which 8.2 K shares are currently shorted by private and institutional investors with about 1.16 trading days to cover.
Broadway Financial currently holds about 280.14 M in cash with 6.32 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7.
Check Broadway Financial Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Broadway Financial is $47.69 Million. Broadway Financial retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Broadway Ownership Details
Broadway Stock Price Odds Analysis
What are Broadway Financial's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Broadway Financial jumping above the current price in 90 days from now is more than 93.0%. The Broadway Financial probability density function shows the probability of Broadway Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Broadway Financial has a beta of -0.2441 suggesting as returns on the benchmark increase, returns on holding Broadway Financial are expected to decrease at a much lower rate. During a bear market, however, Broadway Financial is likely to outperform the market. Additionally, broadway Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Broadway Financial to move above the current price in 90 days from now is more than 93.0 (This Broadway Financial probability density function shows the probability of Broadway Stock to fall within a particular range of prices over 90 days) .
Broadway Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Broadway Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Broadway Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Broadway Financial's value.| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2023-12-31 | 12.6 K | |
| Royal Bank Of Canada | 2023-12-31 | 8.9 K | |
| Tower Research Capital Llc | 2023-12-31 | 1.9 K | |
| Citigroup Inc | 2023-12-31 | 1.3 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 53.0 | |
| Wells Fargo & Co | 2023-12-31 | 40.0 | |
| Group One Trading, Lp | 2023-12-31 | 12.0 | |
| State Street Corporation | 2023-12-31 | 0.0 | |
| Susquehanna International Group, Llp | 2023-09-30 | 0.0 | |
| Vanguard Group Inc | 2023-12-31 | 326.1 K | |
| Bank Of America Corp | 2023-12-31 | 266.5 K |
Broadway Financial Historical Income Statement
Broadway Financial Income Statement is one of the three primary financial statements used for reporting Broadway's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Broadway Financial revenue and expense. Broadway Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Broadway Financial's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 17.5 M, whereas Other Operating Expenses is forecasted to decline to about 16.1 M. View More FundamentalsBroadway Stock Against Markets
Picking the right benchmark for Broadway Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Broadway Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Broadway Financial is critical whether you are bullish or bearish towards Broadway Financial at a given time. Please also check how Broadway Financial's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Broadway Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Broadway Financial Corporate Directors
Broadway Financial corporate directors refer to members of a Broadway Financial board of directors. The board of directors generally takes responsibility for the Broadway Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Broadway Financial's board members must vote for the resolution. The Broadway Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Davidson | Independent Director | Profile | |
| Erin Selleck | Director | Profile | |
| Dutch Ross | Director | Profile | |
| Emmanuel Boateng | Compliance Officer, First VP and Director of Internal Audit | Profile |
How to buy Broadway Stock?
Before investing in Broadway Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Broadway Financial. To buy Broadway Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Broadway Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Broadway Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Broadway Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Broadway Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Broadway Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Broadway Stock please use our How to Invest in Broadway Financial guide.
Already Invested in Broadway Financial?
The danger of trading Broadway Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Broadway Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Broadway Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Broadway Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Broadway Stock analysis
When running Broadway Financial's price analysis, check to measure Broadway Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Broadway Financial is operating at the current time. Most of Broadway Financial's value examination focuses on studying past and present price action to predict the probability of Broadway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadway Financial's price. Additionally, you may evaluate how the addition of Broadway Financial to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |
Is Broadway Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Broadway Financial. If investors know Broadway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Broadway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.87) | Earnings Share 0.56 | Revenue Per Share 3.606 | Quarterly Revenue Growth (0.24) | Return On Assets 0.0038 |
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.