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

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

Broadway Financial Stock Performance

Shares of BYFC opened at $7.16 on Monday. 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 12-month low of $4.41 and a 12-month high of $7.99. The stock has a market cap of $65.23 million, a P/E ratio of 24.69 and a beta of 0.72. The company has a 50-day moving average of $6.83 and a two-hundred day moving average of $6.10.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The firm had revenue of $8.75 million during the quarter.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 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.