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

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFCGet Free Report) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Down 9.7 %

BYFC stock opened at $8.07 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The business’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $6.55. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46. The firm has a market capitalization of $73.47 million, a PE ratio of 27.81 and a beta of 0.72.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its position in Broadway Financial Co. (NASDAQ:BYFCFree Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after purchasing 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 SEC filing. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

(Get Free Report)

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.

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