Broadway Financial (NASDAQ:BYFC) Director John Driver Sells 6,500 Shares of Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director John Driver sold 6,500 shares of Broadway Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $9.36, for a total value of $60,840.00. Following the sale, the director directly owned 2,711 shares in the company, valued at approximately $25,374.96. This trade represents a 70.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Broadway Financial Stock Performance

Shares of BYFC stock opened at $10.26 on Friday. Broadway Financial Corporation has a 12-month low of $5.51 and a 12-month high of $10.46. The firm has a market capitalization of $95.42 million, a price-to-earnings ratio of -3.73 and a beta of 0.76. The business has a 50 day simple moving average of $8.06 and a 200 day simple moving average of $7.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.03 and a quick ratio of 0.02.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Tuesday, April 28th. The savings and loans company reported $0.09 earnings per share for the quarter. Broadway Financial had a positive return on equity of 2.97% and a negative net margin of 31.80%.The firm had revenue of $10.15 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. boosted its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,685 shares of the savings and loans company’s stock after buying an additional 16,117 shares during the quarter. Broadway Financial accounts for approximately 0.9% of M3F Inc.’s investment portfolio, making the stock its 21st largest position. M3F Inc. owned approximately 5.10% of Broadway Financial worth $3,446,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.12% of the company’s stock.

About Broadway Financial

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.