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

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

Broadway Financial Price Performance

Shares of Broadway Financial stock opened at $6.72 on Tuesday. The stock has a market capitalization of $61.36 million, a price-to-earnings ratio of 22.40 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 firm has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $5.62. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. The firm had revenue of $8.19 million during the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. raised its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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

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.