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

Research analysts at StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

BYFC stock opened at $7.71 on Monday. The company has a market capitalization of $70.25 million, a P/E ratio of 192.80 and a beta of 0.72. The company has a 50-day simple moving average of $7.37 and a 200 day simple moving average of $6.75. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 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 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.