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

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

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $7.87 on Monday. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. 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 company’s fifty day moving average is $7.41 and its 200 day moving average is $6.79. The stock has a market cap of $71.70 million, a PE ratio of 196.80 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a return on equity of 1.44% and a net margin of 3.02%.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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). 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.