Wittenberg Investment Management Inc. Raises Stock Holdings in Broadway Financial Co. (NASDAQ:BYFC)

Wittenberg Investment Management Inc. raised its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period.

Separately, Vanguard Group Inc. boosted its position in Broadway Financial by 6.1% in the first quarter. Vanguard Group Inc. now owns 346,020 shares of the savings and loans company’s stock valued at $1,907,000 after buying an additional 19,918 shares during the last quarter. 12.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Broadway Financial in a research note on Saturday. They set a “sell” rating for the company.

Broadway Financial Stock Performance

Shares of BYFC stock opened at $7.02 on Monday. Broadway Financial Co. has a 52-week low of $4.41 and a 52-week high of $7.99. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market cap of $63.95 million, a PE ratio of 24.21 and a beta of 0.71. The business has a 50-day simple moving average of $6.73 and a 200-day simple moving average of $5.92.

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

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.