StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC - Free Report) in a research note released on Saturday morning. The brokerage issued a sell rating on the savings and loans company's stock.
Broadway Financial Stock Performance
Shares of BYFC traded down $0.87 during mid-day trading on Friday, hitting $8.07. 9,767 shares of the company's stock were exchanged, compared to its average volume of 4,996. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $9.46. The stock's 50-day simple moving average is $7.20 and its 200-day simple moving average is $6.54. The firm has a market cap of $73.47 million, a price-to-earnings ratio of 27.81 and a beta of 0.72. 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 (NASDAQ:BYFC - Get Free Report) last announced 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
A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and 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 period. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.12% of the company's stock.
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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