Broadway Financial (NASDAQ:BYFC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note published on Wednesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 0.6 %

Broadway Financial stock opened at $6.92 on Wednesday. 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 firm has a market cap of $63.06 million, a P/E ratio of 23.86 and a beta of 0.72. The business has a fifty day moving average of $6.97 and a two-hundred day moving average of $6.27. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $7.99.

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

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. Institutional investors own 12.12% of the company’s stock.

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.