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

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

Broadway Financial Stock Performance

Shares of BYFC opened at $4.46 on Tuesday. The business’s 50-day moving average is $5.41 and its two-hundred day moving average is $6.12. The company has a market capitalization of $41.38 million, a P/E ratio of 9.29 and a beta of 0.63. Broadway Financial has a fifty-two week low of $4.46 and a fifty-two week high of $8.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in shares of Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Company Profile

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.