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

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 stock was sold at an average price of $9.42, for a total value of $81,012.00. Following the completion of the transaction, the director owned 33,359 shares of the company’s stock, valued at approximately $314,241.78. This trade represents a 20.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Broadway Financial Trading Down 1.0%

NASDAQ:BYFC traded down $0.09 during midday trading on Wednesday, hitting $9.31. 6,637 shares of the company traded hands, compared to its average volume of 4,048. The firm has a market capitalization of $86.40 million, a P/E ratio of -3.39 and a beta of 0.76. The firm’s fifty day moving average is $8.36 and its 200-day moving average is $7.65. Broadway Financial Corporation has a 12-month low of $5.51 and a 12-month high of $10.46.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly 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 Analyst Weigh In

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

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its stake in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,685 shares of the savings and loans company’s stock after buying an additional 65,463 shares during the period. Broadway Financial comprises 0.8% of M3F Inc.’s holdings, making the stock its 23rd biggest holding. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.12% of the stock is owned by institutional investors and hedge funds.

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.