Broadway Financial (NASDAQ:BYFC) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFCGet Free Report) in a report released on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Up 1.4 %

Shares of Broadway Financial stock opened at $7.98 on Friday. The company’s 50-day moving average price is $7.28 and its 200-day moving average price is $6.63. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $9.46. The company has a market cap of $72.70 million, a price-to-earnings ratio of 27.52 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFCGet Free Report) last posted its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $8.75 million during the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFCFree Report) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

About Broadway Financial

(Get Free Report)

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.

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