Wayne-Kent Bradshaw Sells 8,600 Shares of Broadway Financial (NASDAQ:BYFC) Stock

Broadway Financial Corporation (NASDAQ:BYFCGet Free Report) Director Wayne-Kent Bradshaw sold 8,600 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.42, for a total value of $81,012.00. Following the transaction, the director owned 33,359 shares in the company, valued at approximately $314,241.78. This trade represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Broadway Financial Price Performance

NASDAQ BYFC opened at $9.50 on Friday. The stock’s 50-day moving average is $8.42 and its two-hundred day moving average is $7.69. Broadway Financial Corporation has a fifty-two week low of $5.51 and a fifty-two week high of $10.46. The firm has a market cap of $88.16 million, a P/E ratio of -3.45 and a beta of 0.76.

Broadway Financial (NASDAQ:BYFCGet Free Report) last issued 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 3.01%. The business had revenue of $9.42 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Broadway Financial from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Broadway Financial has a consensus rating of “Sell”.

View Our Latest Stock Report on Broadway Financial

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. increased its position in shares of Broadway Financial Corporation (NASDAQ:BYFCFree Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,685 shares of the savings and loans company’s stock after buying an additional 16,117 shares during the quarter. Broadway Financial accounts for 0.9% of M3F Inc.’s portfolio, making the stock its 21st biggest holding. M3F Inc. owned approximately 5.10% of Broadway Financial worth $3,446,000 as of its most recent filing with the Securities & Exchange Commission. 12.12% of the stock is owned by hedge funds and other institutional investors.

Broadway Financial Company Profile

(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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Insider Buying and Selling by Quarter for Broadway Financial (NASDAQ:BYFC)

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