Broadway Financial (NASDAQ:BYFC) Posts Earnings Results

Broadway Financial (NASDAQ:BYFC) posted its earnings results on Tuesday. The savings and loans company reported $0.02 EPS for the quarter, Zacks reports. Broadway Financial had a negative net margin of 31.80% and a positive return on equity of 3.01%.

Broadway Financial Stock Up 0.5%

BYFC stock opened at $10.16 on Wednesday. Broadway Financial has a 52-week low of $5.51 and a 52-week high of $10.46. The stock’s 50 day moving average is $9.75 and its two-hundred day moving average is $8.73. The company has a market capitalization of $94.26 million, a PE ratio of -3.69 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Broadway Financial from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Insider Buying and Selling

In other news, Director Wayne-Kent A. Bradshaw sold 8,600 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $9.42, for a total transaction of $81,012.00. Following the completion of the transaction, the director directly owned 33,359 shares in the company, valued at approximately $314,241.78. This represents a 20.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Driver sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.36, for a total transaction of $60,840.00. Following the sale, the director directly owned 2,711 shares of the company’s stock, valued at $25,374.96. The trade was a 70.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,500 shares of company stock worth $155,250. 3.02% of the stock is currently owned by corporate insiders.

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.