BayFirst Financial (BAFN) Set to Announce Quarterly Earnings on Thursday

BayFirst Financial (NASDAQ:BAFN) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

BayFirst Financial (NASDAQ:BAFN) last posted its earnings results on Thursday, January 25th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $23.57 million during the quarter. BayFirst Financial had a net margin of 4.82% and a return on equity of 7.15%.

BayFirst Financial Price Performance

NASDAQ BAFN opened at $12.80 on Thursday. The company has a market cap of $52.86 million, a PE ratio of 11.13 and a beta of 0.48. BayFirst Financial has a 52 week low of $8.88 and a 52 week high of $15.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $12.82 and its two-hundred day simple moving average is $11.80.

BayFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.50%. BayFirst Financial’s payout ratio is 27.83%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of BayFirst Financial by 1.4% during the 3rd quarter. BlackRock Inc. now owns 47,120 shares of the company’s stock valued at $780,000 after purchasing an additional 658 shares during the last quarter. UBS Group AG grew its position in BayFirst Financial by 200.0% in the 4th quarter. UBS Group AG now owns 1,644 shares of the company’s stock valued at $27,000 after acquiring an additional 1,096 shares during the last quarter. Northern Trust Corp bought a new position in BayFirst Financial in the 4th quarter valued at $161,000. First Manhattan Co. grew its position in BayFirst Financial by 1,275.9% in the 1st quarter. First Manhattan Co. now owns 133,287 shares of the company’s stock valued at $3,072,000 after acquiring an additional 123,600 shares during the last quarter. Finally, Vanguard Group Inc. bought a new position in BayFirst Financial in the 1st quarter valued at $3,428,000. 16.88% of the stock is owned by hedge funds and other institutional investors.

About BayFirst Financial

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.