StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Tuesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Up 0.2 %

NASDAQ BYFC opened at $7.05 on Tuesday. The stock’s 50-day simple moving average is $6.91 and its two-hundred day simple moving average is $6.18. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $7.99. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $64.24 million, a price-to-earnings ratio of 24.31 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The company had revenue of $8.75 million during the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 12.12% of the company’s stock.

About Broadway Financial

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. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.