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

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

Broadway Financial Stock Up 4.7 %

Broadway Financial stock opened at $5.34 on Friday. The business has a fifty day moving average of $5.10 and a two-hundred day moving average of $5.44. The company has a quick ratio of 0.10, a current ratio of 1.29 and a debt-to-equity ratio of 2.35. The firm has a market cap of $48.75 million, a P/E ratio of 17.80 and a beta of 0.70. Broadway Financial has a twelve month low of $4.41 and a twelve month high of $8.47.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,128 shares of the savings and loans company’s stock after purchasing 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.