Insider Selling: Broadway Financial (NASDAQ:BYFC) Director Sells $81,012.00 in Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 8,600 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.42, for a total transaction of $81,012.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Broadway Financial Trading Up 0.6%

Shares of BYFC opened at $9.56 on Friday. The firm has a market cap of $88.67 million, a P/E ratio of -3.47 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’s 50-day moving average price is $8.46 and its 200 day moving average price is $7.71.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Tuesday, March 31st. The savings and loans company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $9.42 million for the quarter. Broadway Financial had a negative net margin of 31.80% and a positive return on equity of 3.01%.

Analysts Set New Price Targets

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

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. M3F Inc. grew its holdings in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 19.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,685 shares of the savings and loans company’s stock after purchasing an additional 65,463 shares during the period. Broadway Financial comprises about 0.8% of M3F Inc.’s portfolio, making the stock its 23rd biggest position. M3F Inc. owned about 4.46% of Broadway Financial worth $2,933,000 at the end of the most recent quarter. 12.12% of the stock is owned by institutional investors.

About Broadway Financial

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.