BayFirst Financial (NASDAQ:BAFN) Stock Price Up 1.1% – Here’s What Happened

BayFirst Financial Corp. (NASDAQ:BAFN)’s stock price traded up 1.1% on Wednesday . The stock traded as high as $6.25 and last traded at $6.24. 25,508 shares changed hands during trading, an increase of 23% from the average session volume of 20,762 shares. The stock had previously closed at $6.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, BayFirst Financial currently has a consensus rating of “Sell”.

BayFirst Financial Stock Performance

The company has a market capitalization of $25.65 million, a PE ratio of -0.86 and a beta of 0.53. 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 business’s fifty day moving average is $5.53 and its two-hundred day moving average is $6.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BayFirst Financial stock. Tactive Advisors LLC bought a new position in BayFirst Financial Corp. (NASDAQ:BAFN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,460 shares of the company’s stock, valued at approximately $98,000. Tactive Advisors LLC owned about 0.38% of BayFirst Financial as of its most recent filing with the SEC. 16.88% of the stock is currently owned by institutional investors and hedge funds.

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.