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

Key Points

• Wall Street Zen upgraded BayFirst Financial to a “Sell” rating, while Weiss Ratings also maintained a “Sell” assessment. MarketBeat reports a consensus rating of “Sell.”
• Shares were trading down 4.5% at $6.80, with the company reporting a quarterly loss of $8.05 per share, $2.61 million in revenue, and deeply negative profitability metrics.
• Tactive Advisors acquired 15,460 shares during the first quarter, while hedge funds and other institutional investors collectively own 16.88% of BayFirst Financial.

BayFirst Financial (NASDAQ:BAFN - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "sell" rating in a report released 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".

BayFirst Financial Trading Down 4.5%

BayFirst Financial 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's 50 day moving average price is $7.05 and its 200-day moving average price is $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. The stock has a market cap of $183.33 million, a P/E ratio of -0.46 and a beta of 0.53.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BayFirst Financial stock. Tactive Advisors LLC purchased a new position in BayFirst Financial Corp. (NASDAQ:BAFN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 Securities and Exchange Commission (SEC). 16.88% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.