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

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

Broadway Financial Trading Down 0.6 %

BYFC opened at $6.92 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. The stock’s 50 day moving average price is $6.97 and its 200-day moving average price is $6.27. Broadway Financial has a one year low of $4.41 and a one year high of $7.99. The stock has a market cap of $63.06 million, a price-to-earnings ratio of 23.86 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The business had revenue of $8.75 million during the quarter.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% in the 3rd quarter, according to its most recent disclosure with the 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 period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 at the end of the most recent quarter. 12.12% of the stock is 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.