Insider Selling: Broadway Financial (NASDAQ:BYFC) Director Sells 1,400 Shares of Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 1,400 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $9.57, for a total transaction of $13,398.00. Following the completion of the transaction, the director directly owned 41,959 shares in the company, valued at $401,547.63. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Broadway Financial Trading Down 1.0%

Shares of NASDAQ:BYFC traded down $0.09 during trading on Wednesday, reaching $9.31. The company had a trading volume of 6,637 shares, compared to its average volume of 4,048. Broadway Financial Corporation has a 12 month low of $5.51 and a 12 month high of $10.46. The company has a fifty day moving average of $8.36 and a two-hundred day moving average of $7.65. The stock has a market capitalization of $86.40 million, a P/E ratio of -3.39 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. grew its position in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the period. Broadway Financial makes up about 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd largest holding. M3F Inc. owned about 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.

About Broadway Financial

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.