Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Decreases By 51.6%

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,670 shares, a decline of 51.6% from the January 29th total of 11,714 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 22,078 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 22,078 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

BayFirst Financial Stock Down 4.1%

NASDAQ:BAFN opened at $6.62 on Friday. The business’s fifty day moving average price is $7.04 and its 200 day moving average price is $8.15. The firm has a market capitalization of $27.21 million, a price-to-earnings ratio of -1.12 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. BayFirst Financial has a 1-year low of $5.72 and a 1-year high of $19.75.

BayFirst Financial (NASDAQ:BAFN) last released its earnings results on Thursday, January 29th. The company reported ($0.69) earnings per share for the quarter. The business 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 Investors Weigh In On BayFirst Financial

A number of institutional investors have recently modified their holdings of the stock. Stifel Financial Corp increased its stake in shares of BayFirst Financial by 46.5% in the fourth quarter. Stifel Financial Corp now owns 23,200 shares of the company’s stock worth $182,000 after acquiring an additional 7,369 shares during the last quarter. Banc Funds Co. LLC increased its position in BayFirst Financial by 35.5% in the 3rd quarter. Banc Funds Co. LLC now owns 169,772 shares of the company’s stock worth $1,776,000 after purchasing an additional 44,500 shares during the last quarter. Finally, Salzhauer Michael increased its position in BayFirst Financial by 62.3% in the 3rd quarter. Salzhauer Michael now owns 68,876 shares of the company’s stock worth $720,000 after purchasing an additional 26,445 shares during the last quarter. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Company Profile

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.