Broadway Financial (NASDAQ:BYFC) Announces Earnings Results

Broadway Financial (NASDAQ:BYFC) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.

Broadway Financial Stock Up 0.5%

Shares of BYFC traded up $0.05 during midday trading on Tuesday, hitting $10.16. The company had a trading volume of 24,626 shares, compared to its average volume of 4,939. The stock has a market cap of $94.28 million, a price-to-earnings ratio of -3.69 and a beta of 0.81. The company’s 50 day moving average price is $9.73 and its 200 day moving average price is $8.71. Broadway Financial has a 52 week low of $5.51 and a 52 week high of $10.46.

Analyst Ratings Changes

Separately, Weiss Ratings cut Broadway Financial from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Insider Transactions at Broadway Financial

In related news, Director Wayne-Kent A. Bradshaw sold 8,600 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $9.42, for a total value of $81,012.00. Following the completion of the sale, the director directly owned 33,359 shares of the company’s stock, valued at $314,241.78. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Driver sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $9.36, for a total value of $60,840.00. Following the completion of the sale, the director owned 2,711 shares of the company’s stock, valued at $25,374.96. This trade represents a 70.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,500 shares of company stock valued at $155,250 over the last quarter. Insiders own 3.02% 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.