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

Posted by Casey Walker on Jan 19th, 2025

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC – Free Report) in a research report released on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 9.7 %

Shares of NASDAQ BYFC opened at $8.07 on Friday. The company 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 current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $9.46. The stock has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $6.54.

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

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake 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 Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is owned by institutional investors and hedge funds.

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.