BayFirst Financial (NASDAQ:BAFN) Shares Down 0.8% – Time to Sell?

BayFirst Financial Corp. (NASDAQ:BAFN) shares dropped 0.8% during mid-day trading on Monday . The company traded as low as $4.88 and last traded at $4.92. Approximately 6,870 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 19,482 shares. The stock had previously closed at $4.96.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

BayFirst Financial Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $20.22 million, a PE ratio of -0.68 and a beta of 0.54. The stock’s 50-day moving average is $6.52 and its two-hundred day moving average is $6.77.

BayFirst Financial (NASDAQ:BAFN) last announced its earnings results on Thursday, April 30th. The company reported ($1.48) earnings per share (EPS) for the quarter. BayFirst Financial had a negative net margin of 29.20% and a negative return on equity of 37.66%. The business had revenue of $10.33 million for the quarter.

Institutional Investors Weigh In On BayFirst Financial

A number of institutional investors and hedge funds have recently modified their holdings of BAFN. Stifel Financial Corp grew its position in 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 acquiring an additional 7,369 shares during the last quarter. Tactive Advisors LLC purchased a new stake in BayFirst Financial in the first quarter worth $98,000. Finally, Banc Funds Co. LLC lifted its position in shares of BayFirst Financial by 35.5% during the third 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. 16.88% of the stock is owned by institutional investors.

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.