Broadway Financial (NASDAQ:BYFC) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report issued on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 1.4 %

Shares of Broadway Financial stock opened at $7.98 on Friday. The company’s 50 day moving average price is $7.28 and its 200-day moving average price is $6.63. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The stock has a market capitalization of $72.70 million, a price-to-earnings ratio of 27.52 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The firm 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%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.