BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFNGet Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 258,397 shares, an increase of 233.4% from the April 30th total of 77,504 shares. Approximately 7.7% of the company’s shares are sold short. Based on an average daily volume of 131,757 shares, the days-to-cover ratio is presently 2.0 days.

BayFirst Financial Stock Up 1.2%

Shares of BAFN traded up $0.08 during midday trading on Friday, hitting $6.21. The company had a trading volume of 6,010 shares, compared to its average volume of 31,747. BayFirst Financial has a 1 year low of $4.80 and a 1 year high of $16.35. The company’s 50-day simple moving average is $6.86 and its 200-day simple moving average is $7.09. The firm has a market capitalization of $25.50 million, a P/E ratio of -0.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96.

BayFirst Financial (NASDAQ:BAFNGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported ($1.48) earnings per share (EPS) for the quarter. The company had revenue of $10.33 million during the quarter. BayFirst Financial had a negative net margin of 29.20% and a negative return on equity of 37.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BAFN. Tactive Advisors LLC purchased a new position in shares of BayFirst Financial during the 1st quarter worth approximately $98,000. Stifel Financial Corp boosted its stake in shares of 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 during the last quarter. Finally, Banc Funds Co. LLC boosted its stake in shares of BayFirst Financial by 35.5% during the third quarter. Banc Funds Co. LLC now owns 169,772 shares of the company’s stock valued at $1,776,000 after acquiring an additional 44,500 shares during the last quarter. Institutional investors and hedge funds own 16.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report 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.

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