Insider Selling: Broadway Financial (NASDAQ:BYFC) Director 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 on Thursday, May 7th. The stock was sold at an average price of $9.36, for a total value of $60,840.00. Following the transaction, the director directly owned 2,711 shares of the company’s stock, valued at $25,374.96. This trade represents a 70.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Broadway Financial Price Performance

NASDAQ BYFC traded up $0.30 during trading hours on Thursday, reaching $10.26. The company’s stock had a trading volume of 285 shares, compared to its average volume of 3,999. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.02 and a current ratio of 1.03. The company’s 50-day moving average is $8.01 and its two-hundred day moving average is $7.44. Broadway Financial Corporation has a fifty-two week low of $5.51 and a fifty-two week high of $10.46. The stock has a market cap of $95.42 million, a PE ratio of -3.73 and a beta of 0.76.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Broadway Financial in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. lifted its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the quarter. Broadway Financial makes up 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd largest position. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent quarter. Institutional investors own 12.12% of the company’s stock.

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.