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

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

Analyst Upgrades and Downgrades

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

Institutional Trading of BayFirst Financial

Several large investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings 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 purchasing an additional 7,369 shares in the last quarter. Salzhauer Michael raised its position in shares of BayFirst Financial by 62.3% in the third quarter. Salzhauer Michael now owns 68,876 shares of the company’s stock valued at $720,000 after buying an additional 26,445 shares during the last quarter. Finally, Banc Funds Co. LLC boosted its position in 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 acquiring an additional 44,500 shares during the last quarter. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

BayFirst Financial Stock Performance

BAFN opened at $6.68 on Friday. The firm’s fifty day simple moving average is $7.06 and its two-hundred day simple moving average is $8.19. BayFirst Financial has a 52-week low of $5.72 and a 52-week high of $19.75. The company has a market cap of $27.43 million, a price-to-earnings ratio of -1.13 and a beta of 0.39. 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. BayFirst Financial had a negative net margin of 20.99% and a negative return on equity of 26.38%. The company had revenue of $11.05 million during the quarter.

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.