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

Posted by Doug Madison on Jul 13th, 2024

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a report published on Wednesday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $4.90 on Wednesday. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.47. The company’s 50 day moving average is $5.01 and its 200 day moving average is $5.59. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 2.35. The company has a market cap of $44.74 million, a PE ratio of 16.33 and a beta of 0.70.

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

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its position in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

About Broadway Financial

(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.