StockNews.com Begins Coverage on Broadway Financial (NASDAQ:BYFC)

StockNews.com began coverage on shares of Broadway Financial (NASDAQ:BYFC) in a research note released on Monday. The firm issued a sell rating on the savings and loans company’s stock.

Broadway Financial Stock Performance

BYFC stock opened at $5.03 on Monday. The firm has a market cap of $46.63 million, a PE ratio of 10.47 and a beta of 0.59. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $6.20. Broadway Financial has a fifty-two week low of $4.76 and a fifty-two week high of $8.64.

Institutional Trading of Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,011 shares of the savings and loans company’s stock after buying an additional 16,328 shares during the quarter. Wittenberg Investment Management Inc. owned 1.85% of Broadway Financial worth $169,000 at the end of the most recent reporting period. Institutional investors 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.