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

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

Broadway Financial Trading Up 2.2 %

Shares of Broadway Financial stock opened at $7.00 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The firm has a fifty day moving average price of $6.03 and a 200 day moving average price of $5.49. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $8.24. The stock has a market cap of $63.92 million, a PE ratio of 23.33 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last issued its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The firm had revenue of $8.19 million during the quarter.

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 46.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,128 shares of the savings and loans company’s stock after acquiring an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned about 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the SEC. 12.12% of the stock is owned by hedge funds and other institutional investors.

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.