Broadway Financial (NASDAQ:BYFC) Director Wayne-Kent Bradshaw Sells 1,400 Shares of Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 1,400 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $9.57, for a total value of $13,398.00. Following the completion of the sale, the director directly owned 41,959 shares in the company, valued at approximately $401,547.63. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Broadway Financial Stock Down 1.0%

NASDAQ:BYFC opened at $9.31 on Thursday. The business’s 50-day moving average price is $8.39 and its two-hundred day moving average price is $7.67. Broadway Financial Corporation has a twelve month low of $5.51 and a twelve month high of $10.46. The stock has a market cap of $86.40 million, a P/E ratio of -3.39 and a beta of 0.76.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Tuesday, March 31st. The savings and loans company reported $0.04 earnings per share for the quarter. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.The firm had revenue of $9.42 million for the quarter.

Hedge Funds 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% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 comprises 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd largest position. M3F Inc. owned 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Broadway Financial from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial currently has a consensus rating of “Sell”.

About Broadway Financial

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.