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

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

Broadway Financial Price Performance

Shares of BYFC opened at $7.46 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.34 and a quick ratio of 0.13. The company has a market cap of $68.12 million, a P/E ratio of 24.87 and a beta of 0.70. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $8.24. The stock has a fifty day moving average price of $5.70 and a 200 day moving average price of $5.42.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. The business 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

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to the company in 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 acquiring an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. 12.12% of the stock is currently owned by institutional investors and hedge funds.

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.