StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the savings and loans company's stock.
Broadway Financial Price Performance
Shares of BYFC traded down $0.02 during midday trading on Thursday, hitting $6.83. The company's stock had a trading volume of 2,180 shares, compared to its average volume of 8,343. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. Broadway Financial has a one year low of $4.41 and a one year high of $7.99. The stock has a market capitalization of $62.23 million, a price-to-earnings ratio of 23.55 and a beta of 0.72. The company's fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $6.33.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%. The business had revenue of $8.75 million for the quarter.
Institutional Trading of Broadway Financial
An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its position in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,117 shares of the savings and loans company's stock after acquiring an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.
Broadway Financial Company Profile
(
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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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