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

Posted by Scott Moore on Jul 5th, 2024

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $5.30 on Tuesday. The stock’s 50-day simple moving average is $4.97 and its 200-day simple moving average is $5.66. The firm has a market capitalization of $48.39 million, a PE ratio of 17.67 and a beta of 0.70. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.10 and a current ratio of 1.29. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $8.47.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $11.62 million for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.92%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its stake in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 at the end of the most recent reporting period. 12.12% of the stock is owned by institutional investors.

Broadway Financial Company Profile

(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.