Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

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

Broadway Financial Trading Up 1.3 %

Shares of NASDAQ BYFC opened at $5.03 on Monday. Broadway Financial has a 1-year low of $4.76 and a 1-year high of $8.64. The company has a 50-day moving average of $5.51 and a two-hundred day moving average of $6.20. The company has a market cap of $46.63 million, a PE ratio of 10.47 and a beta of 0.59.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,011 shares of the savings and loans company’s stock after buying an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned 1.85% of Broadway Financial worth $169,000 at the end of the most recent quarter. 12.12% of the stock is owned by hedge funds and other 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.