Weiss Ratings Reiterates Hold (C-) Rating for BayFirst Financial (NASDAQ:BAFN)

BayFirst Financial (NASDAQ:BAFNGet Free Report)‘s stock had its “hold (c-)” rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

BayFirst Financial Trading Up 1.8%

Shares of NASDAQ BAFN opened at $10.27 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 1.02. BayFirst Financial has a 52-week low of $6.40 and a 52-week high of $19.75. The firm has a 50 day moving average price of $9.49 and a two-hundred day moving average price of $13.16. The stock has a market cap of $42.42 million, a P/E ratio of 5.94 and a beta of 0.41.

BayFirst Financial (NASDAQ:BAFNGet Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) earnings per share (EPS) for the quarter. BayFirst Financial had a net margin of 6.65% and a return on equity of 10.14%. The business had revenue of $23.14 million during the quarter.

Hedge Funds Weigh In On BayFirst Financial

An institutional investor recently bought a new position in BayFirst Financial stock. FNY Investment Advisers LLC purchased a new stake in BayFirst Financial Corp. (NASDAQ:BAFNFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,570 shares of the company’s stock, valued at approximately $93,000. FNY Investment Advisers LLC owned 0.13% of BayFirst Financial as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 16.88% of the company’s stock.

BayFirst Financial Company Profile

(Get Free Report)

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.

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