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

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

Broadway Financial Trading Up 2.1 %

Shares of NASDAQ:BYFC opened at $7.16 on Monday. The company’s 50-day moving average price is $6.83 and its 200 day moving average price is $6.10. The company has a market cap of $65.23 million, a PE ratio of 24.69 and a beta of 0.72. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99.

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 position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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.