BayFirst Financial (NASDAQ:BAFN) Shares Up 1.9% – Here’s What Happened

by · The Markets Daily

BayFirst Financial Corp. (NASDAQ:BAFN – Get Free Report)’s stock price traded up 1.9% on Wednesday . The stock traded as high as $8.30 and last traded at $8.05. 22,731 shares were traded during trading, an increase of 339% from the average session volume of 5,178 shares. The stock had previously closed at $7.90.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of BayFirst Financial in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on BAFN

BayFirst Financial Stock Up 1.9%

The business has a 50 day moving average of $8.80 and a two-hundred day moving average of $11.03. The stock has a market capitalization of $33.09 million, a PE ratio of -2.59 and a beta of 0.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 1.01.

BayFirst Financial (NASDAQ:BAFN – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported ($4.66) EPS for the quarter. The firm had revenue of $10.23 million during the quarter. BayFirst Financial had a negative return on equity of 12.02% and a negative net margin of 8.08%.

Institutional Investors Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Salzhauer Michael raised its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) by 62.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter. 16.88% of the stock is owned by hedge funds and other institutional investors.

BayFirst Financial Company Profile

(Get Free Report)

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.

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