Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Friday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Down 3.5 %

Shares of BYFC stock opened at $7.50 on Friday. The stock has a market cap of $68.34 million, a P/E ratio of 25.86 and a beta of 0.72. The stock has a fifty day moving average price of $7.05 and a 200 day moving average price of $6.44. Broadway Financial has a one year low of $4.41 and a one year high of $7.99. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14.

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

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after buying 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 filing with the Securities and Exchange Commission. 12.12% of the stock is owned by institutional investors.

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.