Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued on Friday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 6.0 %

Shares of BYFC opened at $7.77 on Friday. The firm has a market capitalization of $70.80 million, a P/E ratio of 26.79 and a beta of 0.72. The firm has a fifty day moving average price of $7.02 and a 200-day moving average price of $6.41. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $7.99. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

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

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities & Exchange Commission. 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.