BayFirst Financial (Nasdaq:BAFN) - Stock Price, News & Analysis

BAFN Stock Overview

Operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals.

About the company

BAFN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 22.9% below our estimate of its fair value

Risk Analysis

Earnings have declined by 24.7% per year over past 5 years

Unstable dividend track record

Does not have a meaningful market cap ($55M)

Profit margins (5.2%) are lower than last year (9.6%)

BayFirst Financial Corp. Competitors

Northway Financial

OTCPK:NWYF

US$52.6m

Community Bancshares (McArthur OH)

OTCPK:CNUN

US$52.3m

Muncy Bank Financial

OTCPK:MYBF

US$53.1m

IF Bancorp

NasdaqCM:IROQ

US$56.9m

Price History & Performance

Summary of all time highs, changes and price drops for BayFirst Financial
Historical stock prices
Current Share Price	US$13.33
52 Week High	US$14.87
52 Week Low	US$8.88
Beta	1.0
11 Month Change	2.26%
3 Month Change	13.02%
1 Year Change	-4.82%
33 Year Change	-48.75%
5 Year Change	n/a
Change since IPO	-22.08%

BayFirst Financial's (NASDAQ:BAFN) Dividend Will Be $0.08

Aug 20

BayFirst Financial (NASDAQ:BAFN) Has Affirmed Its Dividend Of $0.08

Jul 30

Recent updates

Shareholder Returns

	BAFN	US Banks	US Market
7D	1.7%	2.3%	3.1%
1Y	-4.8%	36.8%	24.9%

Return vs Industry: BAFN underperformed the US Banks industry which returned 36.8% over the past year.

Return vs Market: BAFN underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is BAFN's price volatile compared to industry and market?
BAFN volatility
BAFN Average Weekly Movement	3.9%
Banks Industry Average Movement	4.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	14.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: BAFN has not had significant price volatility in the past 3 months.

Volatility Over Time: BAFN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	302	Tom Zernick	www.bayfirstfinancial.com

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes. It also provides commercial real estate mortgages; construction and development, working capital, and business loans; auto, boat, and recreational vehicle loans; and residential mortgages, personal lines of credit, and home equity lines of credit.

BayFirst Financial Corp. Fundamentals Summary

How do BayFirst Financial's earnings and revenue compare to its market cap?
BAFN fundamental statistics
Market cap	US$55.19m
Earnings (TTM)	US$4.07m
Revenue (TTM)	US$77.69m

13.5x

P/E Ratio

0.6x

P/B Ratio

Is BAFN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BAFN income statement (TTM)
Revenue	US$77.69m
Cost of Revenue	US$0
Gross Profit	US$77.69m
Other Expenses	US$73.62m
Earnings	US$4.07m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.98
Gross Margin	100.00%
Net Profit Margin	5.24%
Debt/Equity Ratio	62.5%

How did BAFN perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

32%

Payout Ratio

Does BAFN pay a reliable dividends?

See BAFN dividend history and benchmarks

When do you need to buy BAFN by to receive an upcoming dividend?
BayFirst Financial dividend dates
Ex Dividend Date	Aug 30 2024
Dividend Pay Date	Sep 15 2024
Days until Ex dividend	7 days
Days until Dividend pay date	23 days

Does BAFN pay a reliable dividends?

See BAFN dividend history and benchmarks

BAFN Stock Overview

Rewards

Risk Analysis

BayFirst Financial Corp. Competitors

OTCPK:NWYF

US$52.6m

OTCPK:CNUN

US$52.3m

OTCPK:MYBF

US$53.1m

NasdaqCM:IROQ

US$56.9m

Price History & Performance

Recent News & Updates

BayFirst Financial's (NASDAQ:BAFN) Dividend Will Be $0.08

BayFirst Financial (NASDAQ:BAFN) Has Affirmed Its Dividend Of $0.08

Second quarter dividend of US$0.08 announced

Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.29 in 2Q 2023)

BayFirst Financial Corp. Declares Third Quarter 2024 Cash Dividend, Payable on September 15, 2024

BayFirst Financial Corp. to Report Q2, 2024 Results on Jul 25, 2024

Recent updates

BayFirst Financial's (NASDAQ:BAFN) Dividend Will Be $0.08

BayFirst Financial (NASDAQ:BAFN) Has Affirmed Its Dividend Of $0.08

Second quarter dividend of US$0.08 announced

Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.29 in 2Q 2023)

BayFirst Financial Corp. Declares Third Quarter 2024 Cash Dividend, Payable on September 15, 2024

BayFirst Financial Corp. to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.08 per share

BayFirst Financial (NASDAQ:BAFN) Is Paying Out A Dividend Of $0.08

First quarter dividend of US$0.08 announced

Full year 2023 earnings released: EPS: US$1.21 (vs US$1.16 in FY 2022)

BayFirst Financial Corp. to Report Q1, 2024 Results on Apr 25, 2024

BayFirst Financial Corp., Annual General Meeting, May 16, 2024

Upcoming dividend of US$0.08 per share

Investor sentiment improves as stock rises 18%

Fourth quarter dividend of US$0.08 announced

Full year 2023 earnings released: EPS: US$1.21 (vs US$1.16 in FY 2022)

BayFirst Financial Corp. Declares First Quarter 2024 Cash Dividend, Payable on March 15, 2024

BayFirst Financial Corp. to Report Q4, 2023 Results on Jan 25, 2024

BayFirst Financial Corp. announced that it has received $0.731 million in funding

Upcoming dividend of US$0.08 per share at 3.0% yield

BayFirst Financial (NASDAQ:BAFN) Is Due To Pay A Dividend Of $0.08

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.71 in 3Q 2022)

BayFirst Financial Corp. Reports Unaudited Net Charge Offs for the Third Quarter Ended September 30, 2023

BayFirst Financial Corp. announced that it has received $1.995 million in funding

Investor sentiment deteriorates as stock falls 16%

BayFirst Financial Corp. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.08 per share at 2.3% yield

BayFirst Financial (NASDAQ:BAFN) Will Pay A Dividend Of $0.08

BayFirst Financial Corp. Declares Third Quarter 2023 Cash Dividend, Payable on September 15, 2023

BayFirst Financial Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

BayFirst Financial Corp. and BayFirst National Bank Announce Chief Financial Officer Changes

BayFirst Financial Corp. and BayFirst National Bank Appoint Scott J. Mckim as Executive Vice President

BayFirst Financial Corp. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.08 per share at 2.2% yield

BayFirst Financial (NASDAQ:BAFN) Will Pay A Dividend Of $0.08

Full year 2022 earnings released: EPS: US$1.16 (vs US$2.11 in FY 2021)

Upcoming dividend of US$0.08 per share at 1.7% yield

BayFirst Financial (NASDAQ:BAFN) Is Paying Out A Dividend Of $0.08

BayFirst Financial Corp. Announces Chief Executive Officer Changes

BayFirst Financial Corp. and BayFirst National Bank Announce Board Changes

Full year 2022 earnings released: EPS: US$1.14 (vs US$6.21 in FY 2021)

BayFirst Financial Corp. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

BayFirst Financial Corp. to Report Q4, 2022 Results on Jan 27, 2023

BayFirst Financial Corp. Declares Dividend for the Fourth Quarter of 2022, Payable on December 15, 2022

BayFirst Financial Corp. to Discontinue Nationwide Network of Residential Mortgage Loan Production Offices

BayFirst Financial to discontinue network of residential mortgage LPOs

Investor sentiment improved over the past week

Upcoming dividend of US$0.08 per share

Second quarter 2022 earnings released: EPS: US$0.03 (vs US$3.34 in 2Q 2021)

Bayfirst Financial Corp. Declares Quarterly Cash Dividend, Payable on September 15, 2022

First Home Bancorp GAAP EPS of $0.03, revenue of $25.35M

Investor sentiment improved over the past week

Upcoming dividend of US$0.08 per share

First quarter 2022 earnings released: US$0.049 loss per share (vs US$2.05 profit in 1Q 2021)

Investor sentiment deteriorated over the past week

BayFirst Financial Corp. Declares Quarterly Cash Dividend, Payable on June 15, 2022

BayFirst Financial Corp., Annual General Meeting, May 19, 2022

Full year 2021 earnings released: EPS: US$6.21 (vs US$3.45 in FY 2020)

Upcoming dividend of US$0.08 per share