Broadway Financial (NASDAQ:BYFC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued to investors on Wednesday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of BYFC stock opened at $7.01 on Wednesday. The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $6.27. Broadway Financial has a 12-month low of $4.41 and a 12-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 firm has a market cap of $63.84 million, a P/E ratio of 24.16 and a beta of 0.72.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.