StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

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

Broadway Financial Trading Up 5.8 %

Shares of NASDAQ BYFC opened at $5.14 on Friday. The firm has a market cap of $47.69 million, a PE ratio of 10.71 and a beta of 0.59. Broadway Financial has a 1-year low of $4.76 and a 1-year high of $8.64. The company has a fifty day moving average price of $5.63 and a 200 day moving average price of $6.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,011 shares of the savings and loans company’s stock after purchasing an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.