Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Rises By 25.9%

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,137 shares, an increase of 25.9% from the February 12th total of 5,670 shares. Based on an average daily volume of 6,079 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,079 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On BayFirst Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Banc Funds Co. LLC grew its holdings in shares of 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. Salzhauer Michael lifted its holdings in BayFirst Financial by 62.3% during the 3rd quarter. Salzhauer Michael now owns 68,876 shares of the company’s stock valued at $720,000 after purchasing an additional 26,445 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in BayFirst Financial by 46.5% during 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. Institutional investors and hedge funds own 16.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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.com, BayFirst Financial presently has a consensus rating of “Sell”.

BayFirst Financial Trading Down 4.9%

BAFN stock opened at $5.61 on Friday. BayFirst Financial has a 1-year low of $5.23 and a 1-year high of $19.75. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $6.69 and its 200-day moving average is $7.97. The firm has a market cap of $23.06 million, a P/E ratio of -0.95 and a beta of 0.39.

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

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.