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

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

Broadway Financial Stock Down 1.0 %

Shares of NASDAQ:BYFC opened at $7.02 on Friday. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $7.99. The company has a market capitalization of $63.95 million, a PE ratio of 24.21 and a beta of 0.71. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The company has a fifty day moving average of $6.73 and a 200-day moving average of $5.92.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The company had revenue of $8.75 million for the quarter.

Institutional Trading of 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 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.

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.