Shares of BayFirst Financial Corp. (NASDAQ:BAFN – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $6.55 and traded as low as $6.02. BayFirst Financial shares last traded at $6.02, with a volume of 39,504 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on BAFN shares. Wall Street Zen upgraded BayFirst Financial to a “sell” rating in a research note on Saturday, September 26th. Weiss Ratings cut BayFirst Financial from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.
Get Our Latest Research Report on BayFirst Financial
BayFirst Financial Price Performance
The stock has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $6.55.
BayFirst Financial (NASDAQ:BAFN – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($8.05) EPS for the quarter. The company had revenue of $2.61 million for the quarter.
Hedge Funds Weigh In On BayFirst Financial
A hedge fund recently bought a new stake in BayFirst Financial stock. Tactive Advisors LLC bought a new position in shares of BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,460 shares of the company’s stock, valued at approximately $105,000. Tactive Advisors LLC owned about 0.06% of BayFirst Financial as of its most recent SEC filing. Institutional investors own 16.88% of the company’s stock.
About BayFirst Financial
BayFirst Financial Corp. is a bank holding company headquartered in St. Petersburg, Florida. Its primary subsidiary, BayFirst National Bank, provides banking and financial services to individuals, families, small businesses and commercial customers.
The bank offers deposit accounts, commercial and consumer lending, residential mortgage loans, business banking services and other related financial products. Its lending activities also include Small Business Administration financing and mortgage lending through specialized banking and lending teams.
BayFirst National Bank primarily serves communities in the Tampa Bay region and other areas of Florida, while its mortgage and specialty lending operations may serve customers in additional markets.
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