BAFN Stock Overview
BayFirst Financial Corp. operates as the bank holding company for First Home Bank that provides commercial and consumer banking services for businesses and individuals.
BayFirst Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.59|
|52 Week High||US$32.50|
|52 Week Low||US$15.45|
|1 Month Change||3.28%|
|3 Month Change||14.40%|
|1 Year Change||-28.50%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||8.71%|
Recent News & Updates
First Home Bancorp GAAP EPS of $0.03, revenue of $25.35M
First Home Bancorp press release (NASDAQ:BAFN): Q2 GAAP EPS of $0.03. Revenue of $25.35M (-50.4% Y/Y).
|BAFN||US Banks||US Market|
Return vs Industry: BAFN underperformed the US Banks industry which returned -8.2% over the past year.
Return vs Market: BAFN underperformed the US Market which returned -9% over the past year.
|BAFN Average Weekly Movement||8.8%|
|Banks Industry Average Movement||3.6%|
|Market Average Movement||7.6%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: BAFN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: BAFN's weekly volatility (9%) has been stable over the past year.
About the Company
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.
BayFirst Financial Fundamentals Summary
|BAFN fundamental statistics|
Is BAFN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BAFN income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.74|
|Net Profit Margin||2.49%|
How did BAFN perform over the long term?See historical performance and comparison
1.7%Current Dividend Yield
Does BAFN pay a reliable dividends?See BAFN dividend history and benchmarks
|BayFirst Financial dividend dates|
|Ex Dividend Date||Aug 31 2022|
|Dividend Pay Date||Sep 15 2022|
|Days until Ex dividend||12 days|
|Days until Dividend pay date||27 days|
Does BAFN pay a reliable dividends?See BAFN dividend history and benchmarks
Is BAFN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BAFN?
Other financial metrics that can be useful for relative valuation.
|What is BAFN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BAFN's PE Ratio compare to its peers?
|BAFN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CBOB.A Bay Community Bancorp
RVCB River Valley Community Bancorp
FOTB First Ottawa Bancshares
VBFC Village Bank and Trust Financial
BAFN BayFirst Financial
Price-To-Earnings vs Peers: BAFN is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (9.9x).
Price to Earnings Ratio vs Industry
How does BAFN's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: BAFN is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the US Banks industry average (10.1x)
Price to Earnings Ratio vs Fair Ratio
What is BAFN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||25.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BAFN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of BAFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BAFN ($18.59) is trading below our estimate of fair value ($85.49)
Significantly Below Fair Value: BAFN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is BayFirst Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BayFirst Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine BayFirst Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has BayFirst Financial performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BAFN has high quality earnings.
Growing Profit Margin: BAFN's current net profit margins (2.5%) are lower than last year (18%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BAFN's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: BAFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BAFN had negative earnings growth (-90.2%) over the past year, making it difficult to compare to the Banks industry average (8.8%).
Return on Equity
High ROE: BAFN's Return on Equity (4.1%) is considered low.
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How is BayFirst Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BAFN's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: BAFN has a sufficient allowance for bad loans (225%).
Low Risk Liabilities: 92% of BAFN's liabilities are made up of primarily low risk sources of funding.
Loan Level: BAFN has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: BAFN's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: BAFN has an appropriate level of bad loans (0.7%).
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What is BayFirst Financial current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BAFN's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: BAFN's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.99%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BAFN has been paying a dividend for less than 10 years.
Growing Dividend: BAFN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.2%), BAFN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tony Leo (61 yo)
Mr. Anthony Nicholas Leo, also known as Tony, J.D., has served as Chief Executive Officer of BayFirst Financial Corp. since 2013. He previously served as Executive Vice President & Managing Director of Com...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.32M) is above average for companies of similar size in the US market ($USD758.99K).
Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: BAFN's management team is considered experienced (2.2 years average tenure).
Experienced Board: BAFN's board of directors are considered experienced (8.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BAFN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
BayFirst Financial Corp.'s employee growth, exchange listings and data sources
- Name: BayFirst Financial Corp.
- Ticker: BAFN
- Exchange: NasdaqCM
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$74.741m
- Shares outstanding: 4.03m
- Website: https://www.firsthomebank.com
Number of Employees
- BayFirst Financial Corp.
- 700 Central Avenue
- Saint Petersburg
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.