BayFirst Financial (NASDAQ:BAFN) Stock Lifted to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of BayFirst Financial (NASDAQ:BAFN) to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of BayFirst Financial from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

BayFirst Financial Trading Down 4.5%

Shares of BAFN stock opened at $6.80 on Friday. BayFirst Financial has a 1-year low of $4.26 and a 1-year high of $11.34. The firm has a market cap of $183.33 million, a PE ratio of -0.46 and a beta of 0.53. The company has a 50-day moving average of $7.05 and a two-hundred day moving average of $6.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.98 and a quick ratio of 0.94.

BayFirst Financial (NASDAQ:BAFN) last released its quarterly earnings results on Thursday, August 13th. The company reported ($8.05) earnings per share (EPS) for the quarter. BayFirst Financial had a negative net margin of 80.74% and a negative return on equity of 101.15%. The company had revenue of $2.61 million during the quarter.

Institutional Trading of BayFirst Financial

An institutional investor recently bought a new position in BayFirst Financial stock. Tactive Advisors LLC purchased a new position in shares of BayFirst Financial Corp. (NASDAQ:BAFN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,460 shares of the company’s stock, valued at approximately $98,000. Tactive Advisors LLC owned approximately 0.38% of BayFirst Financial as of its most recent filing with the Securities & Exchange Commission. 16.88% of the stock is owned by institutional investors.

BayFirst Financial Company Profile

BayFirst Financial Corp. is the bank holding company for BayFirst National Bank, a community-oriented financial institution headquartered in St. Petersburg, Florida. Through its banking subsidiary, the company provides deposit accounts, commercial and consumer lending, residential mortgage financing, and other traditional banking services to individuals, families, and businesses.

BayFirst National Bank serves customers primarily in the Tampa Bay region and surrounding Florida communities through its branch network and digital banking services.