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

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note published on Sunday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

NASDAQ:BYFC opened at $7.92 on Friday. The firm’s fifty day simple moving average is $7.32 and its 200 day simple moving average is $6.69. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $9.46. The firm has a market capitalization of $72.16 million, a price-to-earnings ratio of 27.31 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent disclosure 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 quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.