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

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report issued on Tuesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Trading Down 3.1 %

Shares of NASDAQ:BYFC opened at $4.71 on Tuesday. Broadway Financial has a 12-month low of $4.69 and a 12-month high of $8.64. The company has a market cap of $43.71 million, a PE ratio of 9.81 and a beta of 0.63. The stock has a 50 day moving average of $5.43 and a 200 day moving average of $6.13.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,011 shares of the savings and loans company’s stock after purchasing an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors.

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.