BayFirst Financial (NASDAQ:BAFN) Announces Earnings Results

BayFirst Financial (NASDAQ:BAFNGet Free Report) released its earnings results on Thursday. The company reported ($0.69) earnings per share for the quarter, FiscalAI reports. BayFirst Financial had a negative return on equity of 12.02% and a negative net margin of 8.08%.The firm had revenue of $11.05 million for the quarter.

BayFirst Financial Stock Down 3.3%

BAFN stock opened at $6.58 on Friday. BayFirst Financial has a twelve month low of $5.72 and a twelve month 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 cap of $27.02 million, a PE ratio of -2.11 and a beta of 0.39. The business’s 50-day simple moving average is $7.47 and its 200 day simple moving average is $9.16.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BayFirst Financial stock. Salzhauer Michael lifted its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFNFree Report) by 62.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,876 shares of the company’s stock after purchasing an additional 26,445 shares during the period. Salzhauer Michael owned 1.67% of BayFirst Financial worth $720,000 at the end of the most recent reporting period. 16.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Stock Analysis on BAFN

BayFirst Financial Company Profile

(Get Free Report)

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.

See Also

Earnings History for BayFirst Financial (NASDAQ:BAFN)

Receive News & Ratings for BayFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BayFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.