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

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

Broadway Financial Stock Down 2.6 %

BYFC opened at $6.80 on Monday. The company has a quick ratio of 0.10, a current ratio of 1.29 and a debt-to-equity ratio of 2.35. The firm has a market cap of $62.09 million, a P/E ratio of 22.67 and a beta of 0.70. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $8.24. The business’s fifty day simple moving average is $5.29 and its 200 day simple moving average is $5.35.

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 12.12% of the stock is owned by 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.