StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

Research analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued on Monday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Up 0.1 %

Shares of BYFC stock opened at $7.71 on Monday. The stock has a market cap of $70.25 million, a P/E ratio of 192.80 and a beta of 0.72. Broadway Financial has a one year low of $4.41 and a one year high of $9.46. The stock has a fifty day moving average price of $7.37 and a 200 day moving average price of $6.75. 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 issued its earnings results on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter. 12.12% of the stock is currently 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.