BayFirst Financial (NASDAQ:BAFN) Raised to “Sell” at Wall Street Zen

BayFirst Financial (NASDAQ:BAFN – Get Free Report) was upgraded by Wall Street Zen to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut BayFirst Financial from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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BayFirst Financial Stock Performance

NASDAQ BAFN opened at $6.80 on Friday. The company’s 50-day moving average price is $7.05 and its 200-day moving average price is $6.49. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.28. The stock has a market cap of $183.33 million, a PE ratio of -0.46 and a beta of 0.53. BayFirst Financial has a 12 month low of $4.26 and a 12 month high of $11.34.

BayFirst Financial (NASDAQ:BAFN – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($8.05) EPS for the quarter. The company had revenue of $2.61 million during the quarter. BayFirst Financial had a negative return on equity of 101.15% and a negative net margin of 80.74%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in BayFirst Financial stock. Tactive Advisors LLC purchased a new position in shares of BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,460 shares of the company’s stock, valued at approximately $98,000. Tactive Advisors LLC owned approximately 0.38% of BayFirst Financial at the end of the most recent quarter. 16.88% of the stock is currently owned by institutional investors and hedge funds.

BayFirst Financial Company Profile

(Get Free Report)

BayFirst Financial Corp. is the bank holding company for BayFirst National Bank, a community-oriented financial institution headquartered in St. Petersburg, Florida. Through its banking subsidiary, the company provides deposit accounts, commercial and consumer lending, residential mortgage financing, and other traditional banking services to individuals, families, and businesses.

BayFirst National Bank serves customers primarily in the Tampa Bay region and surrounding Florida communities through its branch network and digital banking services.

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