Broadway Financial (NASDAQ:BYFC) Now Covered by StockNews.com

by · The Markets Daily

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a research note published on Tuesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 0.2 %

Shares of NASDAQ:BYFC opened at $6.59 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $7.99. The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $5.63. The company has a market capitalization of $60.17 million, a price-to-earnings ratio of 21.97 and a beta of 0.72.

Broadway Financial (NASDAQ:BYFC – Get Free Report) last released its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 EPS for the quarter. The company had revenue of $8.19 million during the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial Co. (NASDAQ:BYFC – Free Report) by 46.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,128 shares of the savings and loans company’s stock after purchasing 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 reporting period. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

(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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