Broadway Financial (NASDAQ:BYFC) Issues Quarterly Earnings Results

Broadway Financial (NASDAQ:BYFC) announced its quarterly earnings data on Friday. The savings and loans company reported $0.23 EPS for the quarter, FiscalAI reports. Broadway Financial had a net margin of 3.18% and a return on equity of 1.46%. The company had revenue of $9.04 million for the quarter.

Broadway Financial Stock Performance

NASDAQ BYFC opened at $8.26 on Friday. The company has a market capitalization of $75.84 million, a PE ratio of -63.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.16 and a quick ratio of 0.04. Broadway Financial has a 1 year low of $5.51 and a 1 year high of $8.85. The company has a fifty day moving average of $7.44 and a two-hundred day moving average of $7.23.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,835 shares of the savings and loans company’s stock after purchasing an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned 0.61% of Broadway Financial worth $405,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Broadway Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus 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.