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

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

Broadway Financial Trading Down 1.8 %

Shares of BYFC stock opened at $7.54 on Tuesday. The stock has a market cap of $68.64 million, a P/E ratio of 188.42 and a beta of 0.73. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $9.46. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The stock has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $6.86.

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

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.12% of the company’s stock.

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.