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

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

Broadway Financial Price Performance

BYFC opened at $4.72 on Tuesday. The company has a market capitalization of $43.80 million, a PE ratio of 9.83 and a beta of 0.63. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $8.64. The business has a 50-day moving average of $5.38 and a 200-day moving average of $6.11.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,011 shares of the savings and loans company’s stock after purchasing an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned approximately 1.85% of Broadway Financial worth $169,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.