Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report published on Friday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 3.5 %

Broadway Financial stock opened at $7.50 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. The stock has a market capitalization of $68.34 million, a PE ratio of 25.86 and a beta of 0.72. The business has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $6.41. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The company 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 Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

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.