BayFirst Financial (NASDAQ:BAFN) Posts Earnings Results

BayFirst Financial (NASDAQ:BAFN) posted its quarterly earnings data on Thursday. The company reported ($8.05) earnings per share for the quarter, FiscalAI reports. The company had revenue of $4.11 million for the quarter. BayFirst Financial had a negative net margin of 29.20% and a negative return on equity of 37.66%.

BayFirst Financial Stock Performance

NASDAQ:BAFN traded up $0.18 during mid-day trading on Thursday, hitting $6.46. 28,301 shares of the company traded hands, compared to its average volume of 28,519. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average price is $5.58 and its 200-day moving average price is $6.31. The firm has a market cap of $26.53 million, a price-to-earnings ratio of -0.89 and a beta of 0.53. BayFirst Financial has a one year low of $4.26 and a one year high of $11.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, BayFirst Financial has an average rating of “Sell”.

Institutional Investors Weigh In On BayFirst Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of BayFirst Financial during the 2nd quarter valued at $174,000. Commerce Bank purchased a new position in shares of BayFirst Financial in the second quarter worth $326,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BayFirst Financial during the second quarter worth $390,000. Stifel Financial Corp grew its stake in BayFirst Financial by 46.5% during the fourth quarter. Stifel Financial Corp now owns 23,200 shares of the company’s stock valued at $182,000 after acquiring an additional 7,369 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in BayFirst Financial in the 2nd quarter valued at $572,000. 16.88% of the stock is owned by hedge funds and other institutional investors.

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.