Key Points
- Director John Driver sold 6,500 shares of Broadway Financial on May 7 at an average price of $9.36, totaling about $60,840. After the sale, he still owned 2,711 shares, a drop of more than 70% in his position.
- Broadway Financial’s stock rose 3.0% and opened at $10.26, near its 12-month high of $10.46. The company has a market cap of about $95.4 million and remains below short-term and long-term moving averages.
- Analyst sentiment remains negative, with Weiss Ratings reiterating a “sell” rating and MarketBeat showing an average rating of “Sell.” Meanwhile, institutional ownership stands at 12.12%, with M3F Inc. increasing its stake during the latest reporting period.
Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report) 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 completion of the transaction, the director directly owned 2,711 shares in the company, valued at $25,374.96. This represents a 70.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Broadway Financial Stock Up 3.0%
BYFC stock opened at $10.26 on Friday. The firm has a market cap of $95.42 million, a PE ratio of -3.73 and a beta of 0.76. Broadway Financial Corporation has a 12 month low of $5.51 and a 12 month high of $10.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.03 and a quick ratio of 0.02. The firm has a 50 day simple moving average of $8.06 and a 200 day simple moving average of $7.46.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 million for the quarter. Broadway Financial had a negative net margin of 31.80% and a positive return on equity of 2.97%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. lifted its position in Broadway Financial Corporation (NASDAQ:BYFC - Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 409,685 shares of the savings and loans company's stock after acquiring an additional 65,463 shares during the period. Broadway Financial comprises approximately 0.8% of M3F Inc.'s holdings, making the stock its 23rd largest position. M3F Inc. owned approximately 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.12% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d)" rating on shares of Broadway Financial in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Broadway Financial has an average rating of "Sell".
Read Our Latest Stock Analysis on Broadway Financial
About Broadway Financial
(
Get Free Report)
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.
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