Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Broadway Financial Corporation
Type
Public (NASDAQ: BYFC)
Industry Banking
Founded 1946
Headquarters Los Angeles, California
Key people
Paul C. Hudson, Chairman of the Board/CEO
Wayne-Kent A. Bradshaw, President/COO
Number of employees
87
Website Broadway Federal Bank

The Broadway Federal Bank is a community bank founded in 1946 and based in Los Angeles. As of 2011, it owned and operated three traditional branches and one loan production office.

In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions.

The bank received its charter on November 26, 1946 with an initial investment of $150,000. It opened for business in a three-room office on 4329 South Broadway on January 11, 1947.

Real estate broker and investor H. A. Howard served as the first president of the company until September 1949, when Dr. H. Claude Hudson, investor, community activist and dentist took over leadership. The savings and loan grew rapidly under Chairman of the Board Hudson’s supervision. In 1954, Broadway Federal acquired a larger building at Broadway and 45th Street, which was redesigned by renowned architect Paul Williams, who was also a founding board member.

Broadway Federal grew to become the second largest black-owned bank in the United States. In 1966, its branch expansion began with a location in the Mid-Town area of Los Angeles. This branch was also designed by Paul Williams.

In 1972, Dr. Hudson retired from active management of Broadway Federal and his son, Elbert T. Hudson, an attorney, community activist and long-time board member was selected as board chairman and CEO. Elbert T. Hudson served as CEO until March 1992, when his son, Paul C. Hudson, also an attorney and community activist took over.

Shortly after Paul C. Hudson’s appointment as CEO, a fire destroyed Broadway Federal’s main branch during the civil unrest that occurred in the wake of Rodney King beating trial verdict. Despite this setback, management reaffirmed its commitment to the community.

In December 1995, Broadway began its conversion from a mutual savings and loan to a stock savings bank. The IPO raised close to $9 million. Broadway Financial Corporation is the parent holding company of what is now known as Broadway Federal Bank. Broadway Financial is publicly traded on the NASDAQ over the counter market as (symbol: BYFC).

In March 2010, based on information obtained during a regulatory examination, the Holding Company (Broadway Financial Corporation) and the Bank (Broadway Federal Bank) were determined to be “in troubled condition” and agreed to the issuance of Cease and Desist Order ("C&D") to them by the Office of Thrift Supervision (OTS) effective September 9, 2010. The C&D imposed limitations on the Company and the Bank.

According to the bank's annual report for 2011 with the Security and Exchange Commission, regulators have prohibited Broadway Federal from making additional loans to churches. About one-quarter of outstanding loans have been to church properties, which has been problematic for the bank. As of June 30, 2012, Broadway Federal had seven repossessed churches on its books.

Investment goal date:
Dividends reinvested
Broadway Financial Corporation BYFC report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2017
2017-10-31
0.0000
0.0200
Q2 2017
2017-07-31
0.0000
0.0200
Q1 2017
2017-05-01
0.0000
0.0500
Q4 2016
2017-02-23
0.0000
0.0800
Q3 2016
2016-11-01
0.0000
0.0100
Q2 2016
2016-08-02
0.0000
0.0100
Q1 2016
2016-05-03
0.0000
0.0200
Q4 2015
2016-02-24
0.0000
0.1900
Q3 2015
2015-10-28
0.0000
0.0300
Q2 2015
2015-08-11
0.0000
0.0400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
1649
BlackRock Inc.
2173
CITADEL ADVISORS LLC
14342
FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.
834465
GRACE & WHITE INC /NY
1490471
MORGAN STANLEY
431
UBS Group AG
4380
US BANCORP \DE\
375001
WEDBUSH MORGAN SECURITIES INC
122250
West Oak Capital, LLC
2845
Major Shareholders
Name Relationship
Total Shares
Holding stocks
CATHAY GENERAL BANCORP
3.6600% (715000)
BYFC / CATY /
HUDSON PAUL C
0.6700% (131505)
BYFC /
KANG ALVIN D
0.0300% (6200)
BBCN / BYFC /
MEDINA DANIEL A
0.2700% (53160)
BYFC /
MADDOX ALBERT O
0.2000% (39411)
BYFC /
ROBERTS VIRGIL P
0.1700% (33240)
BYFC /
CHAN KELLOGG
0.4900% (95194)
BYFC /
DAVIDSON ROBERT C JR
0.5900% (115586)
BYFC / JEC /
Sarpong Sam
0.0200% (3000)
BYFC /
Harvey Frank Glenn
0.0300% (5000)
BYFC /
Williams Elrick
0.9500% (186217)
BYFC /
Bradshaw Wayne-Kent A.
0.4800% (94249)
BYFC /
Bellefeuille Norman E
0.2900% (56500)
BYFC /
Battey Brenda J
0.1200% (23333)
BYFC /
Battey Brenda J
0.1300% (25000)
BYFC /
Selleck Erin
0.0300% (6548)
BYFC /
% ()