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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report released on Friday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 2.3 %

Shares of NASDAQ:BYFC opened at $5.10 on Friday. The company has a market capitalization of $46.56 million, a price-to-earnings ratio of 17.00 and a beta of 0.70. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.29 and a quick ratio of 0.10. The business’s 50-day moving average is $5.09 and its 200-day moving average is $5.44. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $8.47.

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,128 shares of the savings and loans company’s stock after buying an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. 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.