BayFirst Financial (NASDAQ:BAFN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The business had revenue of $11.73 million for the quarter. BayFirst Financial had a negative return on equity of 76.76% and a negative net margin of 62.42%.
BayFirst Financial Price Performance
NASDAQ:BAFN opened at $5.80 on Friday. BayFirst Financial has a one year low of $4.26 and a one year high of $9.56. The company has a market cap of $156.39 million, a P/E ratio of -0.57 and a beta of 0.52. The firm’s fifty day moving average price is $7.15 and its two-hundred day moving average price is $6.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.98 and a quick ratio of 0.94.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Weiss Ratings downgraded BayFirst Financial from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Wall Street Zen upgraded shares of BayFirst Financial to a “sell” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Analysis on BAFN
Institutional Inflows and Outflows
An institutional investor recently bought a new position in BayFirst Financial stock. Tactive Advisors LLC acquired a new position in BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,460 shares of the company’s stock, valued at approximately $105,000. Tactive Advisors LLC owned approximately 0.06% of BayFirst Financial as of its most recent SEC filing. Hedge funds and other 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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