Wayne-Kent Bradshaw Sells 1,400 Shares of Broadway Financial (NASDAQ:BYFC) Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 1,400 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $9.57, for a total value of $13,398.00. Following the completion of the sale, the director directly owned 41,959 shares in the company, valued at $401,547.63. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Broadway Financial Trading Up 2.0%

NASDAQ BYFC opened at $9.50 on Friday. Broadway Financial Corporation has a 12 month low of $5.51 and a 12 month high of $10.46. The stock’s fifty day moving average price is $8.42 and its 200-day moving average price is $7.69. The stock has a market cap of $88.16 million, a P/E ratio of -3.45 and a beta of 0.76.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Tuesday, March 31st. The savings and loans company reported $0.04 earnings per share (EPS) for the quarter. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.The firm had revenue of $9.42 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Broadway Financial from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its stake in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 474,685 shares of the savings and loans company’s stock after buying an additional 16,117 shares during the period. Broadway Financial comprises approximately 0.9% of M3F Inc.’s holdings, making the stock its 21st largest position. M3F Inc. owned approximately 5.10% of Broadway Financial worth $3,446,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.

About Broadway Financial

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.