Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Trading Up 2.2 %

NASDAQ BYFC opened at $7.00 on Friday. Broadway Financial has a one year low of $4.41 and a one year high of $8.24. The company’s 50 day moving average price is $6.03 and its 200 day moving average price is $5.49. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. The firm has a market capitalization of $63.92 million, a price-to-earnings ratio of 23.33 and a beta of 0.73.

Broadway Financial (NASDAQ:BYFC) last posted 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

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the first 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 purchasing an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.39% of Broadway Financial worth $199,000 at the end of the most recent reporting period. 12.12% of the stock is owned by institutional investors and hedge funds.

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.