Broadway Financial (NASDAQ:BYFC) Earns Sell Rating from Analysts at StockNews.com

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

Broadway Financial Trading Down 0.9 %

NASDAQ:BYFC opened at $4.86 on Tuesday. The firm has a market capitalization of $45.10 million, a price-to-earnings ratio of 10.13 and a beta of 0.63. Broadway Financial has a 1-year low of $4.76 and a 1-year high of $8.64. The business’s 50-day moving average price is $5.45 and its two-hundred day moving average price is $6.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,011 shares of the savings and loans company’s stock after purchasing an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned 1.85% of Broadway Financial worth $169,000 at the end of the most recent reporting period. Institutional investors 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.