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

Analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

NASDAQ BYFC opened at $7.03 on Tuesday. The company has a market cap of $64.09 million, a P/E ratio of 24.25 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The stock has a 50-day moving average of $6.91 and a two-hundred day moving average of $6.18. Broadway Financial has a 1-year low of $4.41 and a 1-year 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. The firm had revenue of $8.75 million during the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. Hedge funds and other 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.