StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a report issued on Sunday morning. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of BYFC stock traded up $0.14 during trading hours on Friday, reaching $7.04. 345 shares of the company's stock were exchanged, compared to its average volume of 8,819. The company's 50 day moving average is $6.75 and its two-hundred day moving average is $5.99. The company has a market cap of $64.13 million, a P/E ratio of 24.28 and a beta of 0.71. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.38 and a quick ratio of 0.14. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The firm had revenue of $8.75 million for the quarter.
Hedge Funds Weigh In On Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.
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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