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

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note released on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

BYFC opened at $6.44 on Friday. The company has a market cap of $58.80 million, a P/E ratio of 21.47 and a beta of 0.73. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. The firm’s 50-day moving average price is $6.21 and its 200-day moving average price is $5.52. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $7.98.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly 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 business had revenue of $8.19 million for the quarter.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. 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.