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

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

Broadway Financial Stock Performance

Shares of BYFC stock opened at $5.15 on Monday. Broadway Financial has a 1 year low of $4.76 and a 1 year high of $8.64. The stock has a fifty day moving average of $5.57 and a two-hundred day moving average of $6.24. The firm has a market capitalization of $47.79 million, a PE ratio of 10.73 and a beta of 0.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 172,011 shares of the savings and loans company’s stock after acquiring an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned about 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. 12.12% of the stock is owned by hedge funds and other 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.