Insider Selling: Broadway Financial (NASDAQ:BYFC) Director Sells $13,398.00 in Stock

Broadway Financial Corporation (NASDAQ:BYFC) Director Wayne-Kent Bradshaw sold 1,400 shares of the company’s stock in a transaction 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 sale, the director owned 41,959 shares of the company’s stock, valued at $401,547.63. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadway Financial Price Performance

Shares of NASDAQ BYFC opened at $9.56 on Friday. The stock has a market capitalization of $88.67 million, a P/E ratio of -3.47 and a beta of 0.76. Broadway Financial Corporation has a 1-year low of $5.51 and a 1-year high of $10.46. The business has a fifty day moving average price of $8.46 and a 200 day moving average price of $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 for the quarter. Broadway Financial had a positive return on equity of 3.01% and a negative net margin of 31.80%.The firm had revenue of $9.42 million during the quarter.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. M3F Inc. raised its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 3.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 474,685 shares of the savings and loans company’s stock after buying an additional 16,117 shares during the quarter. Broadway Financial comprises 0.9% of M3F Inc.’s holdings, making the stock its 21st largest position. M3F Inc. owned 5.10% of Broadway Financial worth $3,446,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.