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

Posted by Tyrone Williams on Feb 12th, 2025

Analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Free Report) in a research note issued on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of BYFC stock opened at $7.36 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The firm has a 50 day moving average of $7.47 and a 200-day moving average of $6.88. The company has a market cap of $67.05 million, a price-to-earnings ratio of 184.05 and a beta of 0.73.

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

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter. 12.12% of the stock is owned by institutional investors.

About Broadway Financial

(Get Free Report)

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.