Broadway Financial (NASDAQ:BYFC) Director Sells $13,398.00 in Stock

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

Broadway Financial Stock Performance

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

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

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. boosted its position in Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,685 shares of the savings and loans company’s stock after purchasing an additional 65,463 shares during the quarter. Broadway Financial comprises 0.8% of M3F Inc.’s investment portfolio, making the stock its 23rd biggest position. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent reporting period. Institutional investors own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

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

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.