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

Posted by Anthony Miller on Jan 5th, 2025

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a report issued on Thursday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

NASDAQ:BYFC opened at $7.19 on Thursday. The firm has a market capitalization of $65.52 million, a PE ratio of 24.79 and a beta of 0.72. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99. 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 firm’s fifty day simple moving average is $6.98 and its 200 day simple moving average is $6.36.

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

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 12.2% in the third quarter, according to its most recent disclosure 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 approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. Institutional investors own 12.12% of the company’s stock.

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.