BayFirst Financial (NASDAQ:BAFN) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings cut BayFirst Financial from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

BayFirst Financial Trading Down 5.3%

Shares of BayFirst Financial stock opened at $6.44 on Friday. 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 has a 1 year low of $4.26 and a 1 year high of $11.34. The firm has a market cap of $173.62 million, a PE ratio of -0.43 and a beta of 0.53. The company has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $6.49.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BayFirst Financial stock. BlackRock Inc. acquired a new stake in BayFirst Financial Corp. (NASDAQ:BAFN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 52,828 shares of the company’s stock, valued at approximately $264,000. BlackRock Inc. owned approximately 1.29% of BayFirst Financial as of its most recent filing with the SEC. 16.88% of the stock is owned by hedge funds and other institutional investors.

About BayFirst Financial

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.