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

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

Broadway Financial Trading Down 3.5 %

Shares of BYFC opened at $4.96 on Monday. The stock’s 50 day moving average is $5.55 and its two-hundred day moving average is $6.22. Broadway Financial has a 12 month low of $4.76 and a 12 month high of $8.64. The firm has a market cap of $46.03 million, a P/E ratio of 10.33 and a beta of 0.59.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 172,011 shares of the savings and loans company’s stock after acquiring an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned about 1.85% of Broadway Financial worth $169,000 at the end of the most recent reporting period. 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.