BayFirst Financial (NASDAQ:BAFN) Posts Earnings Results

BayFirst Financial (NASDAQ:BAFN) released its earnings results on Thursday. The company reported ($0.69) EPS for the quarter, FiscalAI reports. BayFirst Financial had a negative net margin of 8.08% and a negative return on equity of 12.02%. The business had revenue of $11.05 million during the quarter.

BayFirst Financial Trading Down 3.3%

Shares of BayFirst Financial stock traded down $0.23 during trading hours on Thursday, hitting $6.58. The company’s stock had a trading volume of 3,109 shares, compared to its average volume of 11,509. The business has a fifty day moving average of $7.49 and a 200 day moving average of $9.18. BayFirst Financial has a 1-year low of $5.72 and a 1-year high of $19.75. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $27.02 million, a PE ratio of -2.11 and a beta of 0.39.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of BayFirst Financial in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BayFirst Financial stock. Salzhauer Michael increased its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 62.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,876 shares of the company’s stock after purchasing an additional 26,445 shares during the quarter. Salzhauer Michael owned 1.67% of BayFirst Financial worth $720,000 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

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.