Broadway Financial Corporation $BYFC Shares Acquired by M3F Inc.

M3F Inc. boosted its holdings in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the period. Broadway Financial accounts for 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd largest holding. M3F Inc.’s holdings in Broadway Financial were worth $2,933,000 at the end of the most recent quarter.

Separately, Wittenberg Investment Management Inc. grew its holdings in Broadway Financial by 3.6% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 55,835 shares of the savings and loans company’s stock worth $405,000 after acquiring an additional 1,953 shares in the last quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Broadway Financial in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Broadway Financial Price Performance

Shares of BYFC opened at $7.75 on Friday. The firm has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $7.23. Broadway Financial Corporation has a fifty-two week low of $5.51 and a fifty-two week high of $8.85. The company has a market capitalization of $71.15 million, a price-to-earnings ratio of -2.62 and a beta of 0.71. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.03 and a current ratio of 1.11.

Broadway Financial Company Profile

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.