Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

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

Broadway Financial Price Performance

Shares of BYFC opened at $6.06 on Monday. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $7.98. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The firm has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $5.55. The stock has a market cap of $55.33 million, a PE ratio of 20.20 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The company had revenue of $8.19 million for the quarter.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.