Broadway Financial (NASDAQ:BYFC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note issued to investors on Monday. The firm set a “sell” rating on the savings and loans company’s stock.

Broadway Financial Price Performance

BYFC stock opened at $5.15 on Monday. The stock has a market capitalization of $47.79 million, a P/E ratio of 10.73 and a beta of 0.59. The business has a 50-day moving average of $5.57 and a 200-day moving average of $6.24. Broadway Financial has a fifty-two week low of $4.76 and a fifty-two week high of $8.64.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,011 shares of the savings and loans company’s stock after acquiring an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned about 1.85% of Broadway Financial worth $169,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.