Broadway Financial (NASDAQ:BYFC) Announces Earnings Results

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

Broadway Financial Stock Performance

Shares of NASDAQ:BYFC traded up $0.05 during mid-day trading on Tuesday, hitting $10.16. The stock had a trading volume of 24,776 shares, compared to its average volume of 4,939. The company’s 50 day moving average is $9.73 and its 200-day moving average is $8.71. Broadway Financial has a 12-month low of $5.51 and a 12-month high of $10.46. The company has a market cap of $94.28 million, a PE ratio of -3.69 and a beta of 0.81.

Insider Activity at Broadway Financial

In other Broadway Financial news, Director Wayne-Kent A. Bradshaw sold 8,600 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $9.42, for a total transaction of $81,012.00. Following the sale, the director directly owned 33,359 shares of the company’s stock, valued at $314,241.78. The trade was a 20.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Driver sold 6,500 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $9.36, for a total value of $60,840.00. Following the completion of the sale, the director 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 quarter, insiders have sold 16,500 shares of company stock worth $155,250. Corporate insiders own 3.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.