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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report released on Saturday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 4.1 %

Shares of Broadway Financial stock opened at $4.86 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.29 and a quick ratio of 0.10. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $8.47. The company has a market capitalization of $44.38 million, a P/E ratio of 16.20 and a beta of 0.70. The business has a 50 day moving average price of $5.12 and a 200 day moving average price of $5.38.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $8.19 million during the quarter. Broadway Financial had a return on equity of 2.16% and a net margin of 4.66%.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,128 shares of the savings and loans company’s stock after buying an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company’s stock.

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.