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

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

Broadway Financial Price Performance

BYFC opened at $7.01 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The stock has a market capitalization of $63.84 million, a PE ratio of 24.16 and a beta of 0.72. The stock’s 50 day moving average price is $6.98 and its 200-day moving average price is $6.27. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $7.99.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the 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 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.