BayFirst Financial (NASDAQ:BAFN) Shares Up 1.9% – What’s Next?

BayFirst Financial Corp. (NASDAQ:BAFN) was up 1.9% during trading on Tuesday . The stock traded as high as $5.87 and last traded at $5.50. 5,018 shares traded hands during trading, a decline of 73% from the average daily volume of 18,384 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

BayFirst Financial Trading Up 0.7%

The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm has a market cap of $23.63 million, a price-to-earnings ratio of -0.80 and a beta of 0.57. The company has a fifty day moving average price of $5.67 and a 200-day moving average price of $6.45.

BayFirst Financial (NASDAQ:BAFN) last posted its earnings results on Thursday, April 30th. The company reported ($1.48) EPS for the quarter. BayFirst Financial had a negative return on equity of 37.66% and a negative net margin of 29.20%.The company had revenue of $10.33 million for the quarter.

Hedge Funds Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Stifel Financial Corp lifted its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 46.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,200 shares of the company’s stock after purchasing an additional 7,369 shares during the period. Stifel Financial Corp owned about 0.56% of BayFirst Financial worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.