Broadway Financial (NASDAQ:BYFC) Director Wayne-Kent Bradshaw Sells 8,600 Shares

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 8,600 shares of Broadway Financial stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $9.42, for a total value of $81,012.00. Following the sale, the director directly owned 33,359 shares in the company, valued at approximately $314,241.78. This trade represents a 20.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Broadway Financial Trading Down 1.0%

BYFC opened at $9.31 on Thursday. The business’s 50 day moving average is $8.39 and its 200-day moving average is $7.67. The stock has a market cap of $86.40 million, a PE ratio of -3.39 and a beta of 0.76. Broadway Financial Corporation has a twelve month low of $5.51 and a twelve month high of $10.46.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Tuesday, March 31st. The savings and loans company reported $0.04 earnings per share for the quarter. The company had revenue of $9.42 million for the quarter. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. increased its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,685 shares of the savings and loans company’s stock after purchasing an additional 65,463 shares during the period. Broadway Financial accounts for about 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd largest holding. M3F Inc. owned 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Broadway Financial from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Broadway Financial Company Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.