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

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 5,670 shares, a decline of 51.6% from the January 29th total of 11,714 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 22,078 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 22,078 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp boosted its stake in BayFirst Financial by 46.5% in the fourth 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 in the last quarter. Salzhauer Michael boosted its position in shares of BayFirst Financial by 62.3% in 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 period. Finally, Banc Funds Co. LLC grew its stake in 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 buying an additional 44,500 shares during the last quarter. 16.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

BayFirst Financial Price Performance

Shares of BAFN opened at $6.68 on Friday. The company has a market cap of $27.43 million, a P/E ratio of -1.13 and a beta of 0.39. The firm’s 50 day moving average price is $7.06 and its 200 day moving average price is $8.19. BayFirst Financial has a fifty-two week low of $5.72 and a fifty-two week high of $19.75. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.78.

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

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.