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

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

Broadway Financial Stock Down 3.2 %

NASDAQ BYFC opened at $7.36 on Tuesday. 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 company has a market cap of $67.05 million, a price-to-earnings ratio of 184.05 and a beta of 0.73. The company has a 50 day moving average of $7.47 and a 200-day moving average of $6.88. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46.

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

Hedge Funds 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% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the SEC. 12.12% of the stock is currently 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.