Broadway Financial (NASDAQ:BYFC) Director Sells $60,840.00 in Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director John Driver sold 6,500 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.36, for a total value of $60,840.00. Following the sale, the director directly owned 2,711 shares of the company’s stock, valued at approximately $25,374.96. This trade represents a 70.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadway Financial Price Performance

BYFC stock opened at $10.21 on Friday. The business has a fifty day moving average of $8.10 and a two-hundred day moving average of $7.48. The company has a quick ratio of 0.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. The stock has a market cap of $94.91 million, a price-to-earnings ratio of -3.71 and a beta of 0.76. Broadway Financial Corporation has a 52-week low of $5.51 and a 52-week high of $10.46.

Broadway Financial (NASDAQ:BYFC) last posted its 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 2.97% and a negative net margin of 31.80%.The company had revenue of $9.42 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Broadway Financial from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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. lifted its stake in Broadway Financial Corporation (NASDAQ:BYFC) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,685 shares of the savings and loans company’s stock after purchasing an additional 16,117 shares during the period. Broadway Financial comprises about 0.9% of M3F Inc.’s holdings, making the stock its 21st largest holding. M3F Inc. owned about 5.10% of Broadway Financial worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.12% of the company’s stock.

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.