BayFirst Financial (BAFN) Scheduled to Post Quarterly Earnings on Friday

BayFirst Financial (NASDAQ:BAFN – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, January 27th.

BayFirst Financial (NASDAQ:BAFN – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.68 EPS for the quarter. The business had revenue of $18.97 million for the quarter. BayFirst Financial had a return on equity of 7.38% and a net margin of 1.64%.

BayFirst Financial Stock Up 2.4 %

Shares of NASDAQ BAFN opened at $18.30 on Wednesday. The stock has a market cap of $73.90 million and a PE ratio of 76.25. The business has a fifty day moving average of $16.70 and a two-hundred day moving average of $17.47. BayFirst Financial has a 52-week low of $15.41 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 0.87.

Institutional Investors Weigh In On BayFirst Financial

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in BayFirst Financial during the first quarter worth about $3,428,000. First Manhattan Co. boosted its holdings in shares of BayFirst Financial by 1,275.9% in the 1st quarter. First Manhattan Co. now owns 133,287 shares of the company’s stock worth $3,072,000 after acquiring an additional 123,600 shares in the last quarter. Finally, BlackRock Inc. grew its position in BayFirst Financial by 1.4% during the 3rd quarter. BlackRock Inc. now owns 47,120 shares of the company’s stock worth $780,000 after acquiring an additional 658 shares during the last quarter. Institutional investors and hedge funds own 16.96% of the company’s stock.

BayFirst Financial Company Profile

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BayFirst Financial Corp. operates as the bank holding company for First Home Bank that provides commercial and consumer banking services for businesses and individuals. The company offers checking and savings accounts, and certificates of deposit. It also provides home loans, including residential mortgages, home equity loans, and home equity lines of credit; and business lending services comprising minority lending programs, PPP loan forgiveness services, SBA loans, and commercial lending services.