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

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

Broadway Financial Stock Performance

Broadway Financial stock opened at $6.60 on Tuesday. The company has a 50 day moving average price of $6.71 and a 200-day moving average price of $5.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $7.99. The company has a market capitalization of $60.26 million, a PE ratio of 22.00 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $8.19 million for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%.

Hedge Funds Weigh In On 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 46.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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. Institutional investors and hedge funds 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.