BayFirst Financial (NASDAQ:BAFN) Stock Price Down 2.2% – Should You Sell?

BayFirst Financial Corp. (NASDAQ:BAFN) dropped 2.2% during mid-day trading on Friday . The company traded as low as $6.75 and last traded at $6.75. Approximately 10,668 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 17,069 shares. The stock had previously closed at $6.90.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

BayFirst Financial Stock Down 2.2%

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 0.88. The business has a 50 day simple moving average of $7.15 and a 200 day simple moving average of $8.34. The stock has a market cap of $27.74 million, a PE ratio of -1.14 and a beta of 0.39.

BayFirst Financial (NASDAQ:BAFN) last announced its quarterly earnings results on Thursday, January 29th. The company reported ($0.69) earnings per share (EPS) for the quarter. The firm had revenue of $11.05 million for the quarter. BayFirst Financial had a negative net margin of 20.99% and a negative return on equity of 26.38%.

Institutional Trading of BayFirst Financial

Several large investors have recently added to or reduced their stakes in BAFN. Stifel Financial Corp lifted its stake in shares of BayFirst Financial by 46.5% in the 4th quarter. Stifel Financial Corp now owns 23,200 shares of the company’s stock valued at $182,000 after purchasing an additional 7,369 shares during the last quarter. Salzhauer Michael raised its holdings in BayFirst Financial by 62.3% during the third quarter. Salzhauer Michael now owns 68,876 shares of the company’s stock valued at $720,000 after buying an additional 26,445 shares in the last quarter. Finally, Banc Funds Co. LLC lifted its position in shares of BayFirst Financial by 35.5% in the third quarter. Banc Funds Co. LLC now owns 169,772 shares of the company’s stock worth $1,776,000 after buying an additional 44,500 shares during the last quarter. 16.88% of the stock is owned by institutional investors.

About BayFirst Financial

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.