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

StockNews.com started coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Down 3.0 %

Shares of BYFC stock opened at $4.84 on Thursday. The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $6.01. Broadway Financial has a 52 week low of $4.41 and a 52 week high of $8.64. The firm has a market capitalization of $44.92 million, a PE ratio of 10.08 and a beta of 0.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned about 0.39% of Broadway Financial worth $199,000 at the end of the most recent quarter. 12.12% of the stock is owned by institutional investors and hedge funds.

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.