Key Points
- Director Wayne-Kent Bradshaw sold 8,600 shares of Broadway Financial at an average price of $9.42, totaling about $81,012. After the sale, he still owned 33,359 shares, a 20.5% reduction in his position.
- Broadway Financial recently reported quarterly earnings of $0.04 per share on revenue of $9.42 million. The company also posted a negative net margin of 31.80%, though return on equity was positive at 3.01%.
- Institutional ownership remains limited, with hedge funds and other investors holding 12.12% of the stock, while M3F Inc. increased its stake by 19% in the latest reported quarter. Separately, Weiss Ratings slightly upgraded the stock but still maintained a sell view overall.
Broadway Financial Corporation (NASDAQ:BYFC - Get Free Report) Director Wayne-Kent Bradshaw sold 1,400 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $9.57, for a total value of $13,398.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Broadway Financial Price Performance
BYFC opened at $9.31 on Thursday. The stock's 50 day simple moving average is $8.39 and its 200 day simple moving average is $7.67. Broadway Financial Corporation has a 1 year low of $5.51 and a 1 year high of $10.46. The firm has a market cap of $86.40 million, a price-to-earnings ratio of -3.39 and a beta of 0.76.
Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The savings and loans company reported $0.04 earnings per share (EPS) for the quarter. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.The business had revenue of $9.42 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Broadway Financial from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
View Our Latest Analysis on BYFC
Institutional Investors Weigh In On Broadway Financial
A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. raised its holdings in Broadway Financial Corporation (NASDAQ:BYFC - Free Report) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 409,685 shares of the savings and loans company's stock after buying an additional 65,463 shares during the quarter. Broadway Financial comprises 0.8% of M3F Inc.'s investment portfolio, making the stock its 23rd largest position. M3F Inc. owned approximately 4.46% of Broadway Financial worth $2,933,000 as of its most recent SEC filing. 12.12% of the stock is currently owned by hedge funds and other institutional investors.
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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