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

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

Broadway Financial Trading Down 4.3 %

Shares of NASDAQ:BYFC opened at $6.90 on Friday. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $7.99. The company has a market cap of $62.87 million, a PE ratio of 23.79 and a beta of 0.71. The stock has a 50 day moving average of $6.74 and a 200 day moving average of $5.94. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The firm had revenue of $8.75 million during the quarter.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.