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

BayFirst Financial (NASDAQ:BAFN) will announce its earnings results after the market closes on Thursday, April 25th. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

BayFirst Financial Price Performance

Shares of NASDAQ BAFN opened at $12.80 on Thursday. BayFirst Financial has a twelve month low of $8.88 and a twelve month high of $15.00. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $52.86 million, a price-to-earnings ratio of 11.13 and a beta of 0.48. The business has a 50 day simple moving average of $12.82 and a 200-day simple moving average of $11.80.

BayFirst Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.50%. BayFirst Financial’s dividend payout ratio (DPR) is 27.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BAFN. Vanguard Group Inc. acquired a new stake in shares of BayFirst Financial in the first quarter valued at $3,428,000. First Manhattan Co. lifted its holdings in shares of BayFirst Financial by 1,275.9% in the first quarter. First Manhattan Co. now owns 133,287 shares of the company’s stock valued at $3,072,000 after buying an additional 123,600 shares during the period. BlackRock Inc. acquired a new stake in shares of BayFirst Financial in the first quarter valued at $871,000. Northern Trust Corp acquired a new stake in shares of BayFirst Financial during the fourth quarter worth $161,000. Finally, UBS Group AG raised its position in shares of BayFirst Financial by 200.0% during the fourth quarter. UBS Group AG now owns 1,644 shares of the company’s stock worth $27,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 16.88% of the company’s stock.

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.