Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report report published on Monday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 0.2 %

Shares of NASDAQ BYFC opened at $5.14 on Monday. The firm has a market capitalization of $47.68 million, a PE ratio of 10.70 and a beta of 0.59. Broadway Financial has a 1 year low of $4.76 and a 1 year high of $8.64. The firm’s 50-day moving average is $5.57 and its 200-day moving average is $6.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,011 shares of the savings and loans company’s stock after purchasing an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 1.85% of Broadway Financial worth $169,000 at the end of the most recent reporting period. Institutional investors 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.