StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

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

Broadway Financial Stock Performance

Shares of BYFC stock opened at $6.81 on Tuesday. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $7.99. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market cap of $62.05 million, a PE ratio of 23.48 and a beta of 0.72. The business has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $6.19.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly 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 during the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,117 shares of the savings and loans company’s stock after acquiring 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 SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.

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.