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

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

Broadway Financial Price Performance

NASDAQ:BYFC opened at $5.44 on Monday. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $8.47. The firm has a market cap of $49.67 million, a price-to-earnings ratio of 18.13 and a beta of 0.69. The company’s 50-day moving average is $4.94 and its two-hundred day moving average is $5.70. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 2.35.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Wednesday, June 5th. The savings and loans company reported $0.31 EPS for the quarter. The company had revenue of $11.62 million during the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.92%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,011 shares of the savings and loans company’s stock after acquiring an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned approximately 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.