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

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

Broadway Financial Stock Performance

Shares of NASDAQ:BYFC opened at $6.44 on Friday. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $58.80 million, a price-to-earnings ratio of 21.47 and a beta of 0.73. The firm has a 50 day moving average of $6.21 and a 200 day moving average of $5.52. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $7.98.

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 for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The firm had revenue of $8.19 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the Securities & 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.