Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

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

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $6.59 on Tuesday. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $7.99. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The business’s fifty day moving average price is $6.73 and its two-hundred day moving average price is $5.63. The firm has a market capitalization of $60.17 million, a PE ratio of 21.97 and a beta of 0.72.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.