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

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

Broadway Financial Stock Down 5.7 %

Shares of BYFC stock opened at $6.60 on Friday. The stock has a market cap of $60.26 million, a P/E ratio of 22.00 and a beta of 0.73. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.24. The stock has a 50 day moving average of $6.06 and a 200 day moving average of $5.50. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $8.19 million for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to the company in its most recent 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 approximately 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

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.