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

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

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $5.30 on Tuesday. The firm has a 50 day moving average of $4.97 and a 200-day moving average of $5.66. The stock has a market capitalization of $48.39 million, a PE ratio of 17.67 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 2.35. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $8.47.

Broadway Financial (NASDAQ:BYFC) last issued its earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 EPS for the quarter. The company had revenue of $11.62 million during the quarter. Broadway Financial had a net margin of 4.92% and a return on equity of 2.15%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.12% of the company’s stock.

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.