Broadway Financial Corporation $BYFC Shares Purchased by M3F Inc.

M3F Inc. boosted its holdings in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the quarter. Broadway Financial accounts for about 0.8% of M3F Inc.’s portfolio, making the stock its 23rd largest holding. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent quarter.

Separately, Wittenberg Investment Management Inc. increased its holdings in Broadway Financial by 3.6% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 55,835 shares of the savings and loans company’s stock worth $405,000 after acquiring an additional 1,953 shares in the last quarter. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Stock Performance

Broadway Financial stock opened at $7.75 on Friday. The firm has a 50 day simple moving average of $7.84 and a 200-day simple moving average of $7.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 0.03. The stock has a market cap of $71.15 million, a price-to-earnings ratio of -2.62 and a beta of 0.71. Broadway Financial Corporation has a 1-year low of $5.51 and a 1-year high of $8.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Broadway Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Broadway Financial Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.