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

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

Broadway Financial Stock Up 1.4 %

Shares of BYFC opened at $7.98 on Friday. The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $6.64. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The stock has a market capitalization of $72.70 million, a price-to-earnings ratio of 27.52 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 business 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 Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFCFree Report) by 12.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.12% of the company’s stock.

About Broadway Financial

(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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