John Driver Sells 6,500 Shares of Broadway Financial (NASDAQ:BYFC) Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director John Driver sold 6,500 shares of Broadway Financial stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.36, for a total transaction of $60,840.00. Following the transaction, the director owned 2,711 shares in the company, valued at approximately $25,374.96. The trade was a 70.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Broadway Financial Trading Down 0.5%

NASDAQ BYFC opened at $10.21 on Friday. Broadway Financial Corporation has a twelve month low of $5.51 and a twelve month high of $10.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.02 and a current ratio of 1.03. The stock has a market cap of $94.91 million, a price-to-earnings ratio of -3.71 and a beta of 0.76. The firm’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $7.48.

Broadway Financial (NASDAQ:BYFC) last posted 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 2.97%. The firm had revenue of $9.42 million for the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. boosted its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,685 shares of the savings and loans company’s stock after acquiring an additional 16,117 shares during the period. Broadway Financial accounts for 0.9% of M3F Inc.’s investment portfolio, making the stock its 21st biggest holding. M3F Inc. owned approximately 5.10% of Broadway Financial worth $3,446,000 at the end of the most recent reporting period. 12.12% of the stock is owned by hedge funds and other institutional investors.

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.