How to Buy Broadway Financial Stock
Broadway Financial Corp
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 stock last closed at $5.03, up 1.31% from the previous day, and has decreased 29.51% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.47 percentage points. Broadway Financial stock is currently +5.57% from its 52-week low of $4.76, and -41.84% from its 52-week high of $8.64.
There are currently 9.28M BYFC shares outstanding. The market cap of BYFC is $46.63M. In the past 24 hours, 6798 BYFC shares were traded.
How to Buy Broadway Financial Stock
Wondering how to invest in Broadway Financial stock? Here's how.
- Decide where to buy Broadway Financial stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Broadway Financial stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Evaluate Broadway Financial stock: The Broadway Financial ticker symbol is BYFC. Is Broadway Financial stock a good investment? Should you buy shares of BYFC? How do BYFC's underlying business fundamentals look? Do top analysts think Broadway Financial is a good buy? Why has BYFC's stock price moved recently? (Hint: Our stock market analysis website can help you understand if BYFC is a good stock to buy).
- Execute your BYFC purchase: Decide if you will purchase BYFC shares at the current market price or use a limit order to buy BYFC shares at a given price.
- Get the latest news on your BYFC investment: Create a watchlist to get live updates on your position in Broadway Financial stock.
Step 1: Decide where to buy Broadway Financial stock
You will need a brokerage account in order to access the NASDAQ market and buy BYFC stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Technology to Real Estate, New York to Shanghai — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you are able to buy BYFC today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on app for stock market, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring money into your brokerage account.
Step 4: Evaluate Broadway Financial stock
After you have figured out the best place to buy Broadway Financial stock, it's important to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Broadway Financial stock at a glance
BYFC Due Diligence Checks
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on BYFC's stock page.
Is BYFC stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge BYFC's true value.
Using relative valuations methods:
- BYFC may be undervalued based on its P/E ratio of 10.47x, relative to Banks - Regional industry P/E ratio of -9.5x
- BYFC could be undervalued based on its P/B ratio of 0.17x, relative to Banks - Regional industry P/B ratio of 0.98x
- BYFC could be overvalued based on its PEG ratio of 1.35x
You can access additional valuation research on BYFC's stock here.
A look at BYFC Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- BYFC profit margin has gone up from 5.3% to 14.4% in the past year.
- Total BYFC debt is lower than 5 years ago, relative to shareholder equity.
- BYFC earnings of $6.70M is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- BYFC's operating cash flow of $8.82M allows it to safely service it's debt of $295.65M.
- BYFC has a relatively high debt to equity ratio of 3.44.
BYFC Technicals
BYFC Performance Numbers
Last year, BYFC earnings were $4.64M. During the past four year, BYFC's earnings have grown by 10.67% per year. This was slower than the Banks - Regional industry average of 16.33%.
Last year, BYFC revenue was $32.11M. Over the past 5 year, BYFC's revenue has increased by 20.19% per year. This was faster than the Banks - Regional industry average of 7.61%.
Dive into BYFC's earnings and revenue performance here.
Are BYFC insiders buying or selling the stock?
Over the past 12 months, insiders at BYFC have bought more shares than they have sold.
Brian E. Argrett, PresidentCEO of BYFC, was the latest BYFC insider to buy. They bought $153,170.85 worth of BYFC stock on Mar 26, 2024.
Dig into more about who owns BYFC shares here.
Does BYFC stock generate passive income?
No, Broadway Financial doesn't provide an income stream by paying out dividends.
BYFC Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your BYFC purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Click the Open button and eToro will execute your order.
If you require additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your BYFC investment
Now that you own some shares in BYFC, you'll want to keep up with your new company.
Put BYFC on a watchlist to get notified of important updates regarding your BYFC stock.
BYFC Feed
How to Buy Stock in Broadway Financial
To reiterate, here are the 6 steps to buy Broadway Financial stock:
- Decide where to buy Broadway Financial stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Broadway Financial stock
- Execute your BYFC purchase
- Get the latest news on your BYFC investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Broadway Financial, add BYFC to your watchlist below.
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