Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Broadway Financial (NASDAQ:BYFC) in a report published on Friday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 3.5 %

BYFC stock opened at $7.50 on Friday. The company has a market cap of $68.34 million, a price-to-earnings ratio of 25.86 and a beta of 0.72. The firm has a 50-day moving average of $7.04 and a two-hundred day moving average of $6.41. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) EPS for the quarter. The company had revenue of $8.75 million during the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%.

Institutional Investors Weigh In On 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) by 12.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the savings and loans company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 12.12% of the company’s stock.

About Broadway Financial

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.