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

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

Broadway Financial Trading Down 3.0 %

Shares of NASDAQ BYFC opened at $4.84 on Thursday. The firm has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $6.01. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $8.64. The firm has a market capitalization of $44.92 million, a PE ratio of 10.08 and a beta of 0.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned 0.39% of Broadway Financial worth $199,000 at the end of the most recent reporting period. 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.