BayFirst Financial (NASDAQ:BAFN) Stock Price Up 1.1% – Here’s What Happened

by · The Markets Daily

BayFirst Financial Corp. (NASDAQ:BAFN – Get Free Report)’s stock price traded up 1.1% on Wednesday . The stock traded as high as $6.25 and last traded at $6.24. 25,508 shares changed hands during trading, an increase of 23% from the average session volume of 20,762 shares. The stock had previously closed at $6.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, BayFirst Financial currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on BayFirst Financial

BayFirst Financial Stock Performance

The company has a market capitalization of $25.65 million, a PE ratio of -0.86 and a beta of 0.53. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average is $5.53 and its two-hundred day moving average is $6.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BayFirst Financial stock. Tactive Advisors LLC bought a new position in BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,460 shares of the company’s stock, valued at approximately $98,000. Tactive Advisors LLC owned about 0.38% of BayFirst Financial as of its most recent filing with the SEC. 16.88% of the stock is currently owned by institutional investors and hedge funds.

About BayFirst Financial

(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