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

by · The Cerbat Gem

Analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Get Free Report) in a research note issued to investors on Monday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Trading Up 3.3 %

Shares of Broadway Financial stock opened at $6.26 on Monday. The firm’s 50-day moving average price is $6.44 and its two-hundred day moving average price is $5.55. The company has a market capitalization of $57.16 million, a price-to-earnings ratio of 20.87 and a beta of 0.72. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. Broadway Financial has a 12-month low of $4.41 and a 12-month high of $7.98.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%. The business had revenue of $8.19 million for the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,128 shares of the savings and loans company’s stock after buying an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Company Profile

(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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