Wittenberg Investment Management Inc. Increases Position in Broadway Financial Co. (NASDAQ:BYFC)

Wittenberg Investment Management Inc. boosted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the third quarter, HoldingsChannel.com reports. The firm owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the period. Wittenberg Investment Management Inc.’s holdings in Broadway Financial were worth $329,000 at the end of the most recent reporting period.

Separately, Vanguard Group Inc. lifted its position in shares of Broadway Financial by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 346,020 shares of the savings and loans company’s stock valued at $1,907,000 after buying an additional 19,918 shares in the last quarter. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Trading Down 1.0 %

Shares of Broadway Financial stock opened at $7.02 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. Broadway Financial Co. has a twelve month low of $4.41 and a twelve month high of $7.99. The firm has a market capitalization of $63.95 million, a PE ratio of 24.21 and a beta of 0.71. The firm’s 50-day moving average price is $6.73 and its 200 day moving average price is $5.92.

Broadway Financial (NASDAQ:BYFC) last released its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The firm had revenue of $8.75 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Broadway Financial in a report on Saturday. They issued a “sell” rating for the company.

Broadway Financial Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.