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 Friday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 3.2 %

Shares of BYFC stock opened at $6.97 on Friday. The company has a market capitalization of $63.65 million, a P/E ratio of 24.03 and a beta of 0.71. The company has a current ratio of 1.38, a quick ratio of 0.13 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $6.70 and its two-hundred day moving average is $5.86. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $7.99.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The firm 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. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.