StockNews.com Initiates Coverage on Broadway Financial (NASDAQ:BYFC)

Stock analysts at StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFCGet Free Report) in a report released on Thursday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

Shares of Broadway Financial stock opened at $7.19 on Thursday. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock has a market cap of $65.52 million, a PE ratio of 24.79 and a beta of 0.72. The business has a fifty day simple moving average of $6.98 and a 200-day simple moving average of $6.35.

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

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 shares of Broadway Financial Co. (NASDAQ:BYFCFree Report) by 12.2% in the 3rd 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 purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. Institutional investors own 12.12% of the company’s stock.

About Broadway Financial

(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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