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

Equities research analysts at StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report released on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Down 2.1 %

Broadway Financial stock opened at $7.01 on Monday. The firm has a market cap of $63.86 million, a price-to-earnings ratio of 24.17 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The firm has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $6.12.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. 12.12% of the stock is owned by hedge funds and other 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.