Broadway Financial (NASDAQ:BYFC) Receives New Coverage from Analysts at StockNews.com

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

Broadway Financial Trading Down 4.5 %

NASDAQ BYFC opened at $6.58 on Wednesday. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $8.24. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33. The stock has a 50 day moving average of $5.76 and a 200-day moving average of $5.43. The company has a market cap of $60.08 million, a PE ratio of 21.93 and a beta of 0.73.

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,128 shares of the savings and loans company’s stock after acquiring an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is currently 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.