BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 16,011 shares, an increase of 124.3% from the February 26th total of 7,137 shares. Based on an average daily volume of 12,671 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the shares of the company are short sold.

BayFirst Financial Trading Down 5.1%

BAFN traded down $0.34 on Friday, hitting $6.18. The company had a trading volume of 19,806 shares, compared to its average volume of 16,861. The company’s fifty day moving average price is $6.50 and its 200 day moving average price is $7.78. BayFirst Financial has a 1 year low of $4.80 and a 1 year high of $18.90. 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 firm has a market cap of $25.38 million, a P/E ratio of -1.04 and a beta of 0.39.

BayFirst Financial (NASDAQ:BAFN) last issued its quarterly earnings results on Thursday, January 29th. The company reported ($0.69) earnings per share (EPS) for the quarter. BayFirst Financial had a negative return on equity of 26.38% and a negative net margin of 20.99%.The business had revenue of $5.96 million for the quarter.

Institutional Trading of BayFirst Financial

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

Analysts Set New Price Targets

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

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.