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

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

Broadway Financial Stock Up 1.4 %

BYFC stock opened at $7.98 on Friday. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The firm has a market cap of $72.70 million, a PE ratio of 27.52 and a beta of 0.72. The firm’s 50 day moving average price is $7.28 and its 200-day moving average price is $6.64. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38.

Broadway Financial (NASDAQ:BYFC) last posted its earnings results 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 net margin of 5.01% and a return on equity of 2.43%.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities & 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 SEC filing. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

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.