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Financial Services · Banks - Regional · United States · Updated May 11, 8:14am
$6.92
Price
$28.4M
Market Cap
305
Employees
0.47
Beta
Thomas G. Zernick
CEO
Business Description
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. In addition, the company offers treasury management, merchant, online, and investment services; and credit cards. As of January 26, 2022, it operated seven full-service office locations in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, and Belleair Bluffs, Florida; and 23 mortgage loan production offices. The company was formerly known as First Home Bancorp, Inc. and changed its name to BayFirst Financial Corp. in May 2021. BayFirst Financial Corp. was founded in 1999 and is headquartered in Saint Petersburg, Florida.
Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)$6.61
-0.31 (-4.48%)
Day Range
$6.51 – $6.99
52-Week Range
$4.80 – $16.35
50-Day MA
$6.77
200-Day MA
$8.16
Volume
82,118.00
Share Structure
Outstanding
4,110,004.00
Float
3,497,202.00
Free Float
85.1%
High free float
— 85.1% of shares trade freely, ~14.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (3.5M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.17
Stock Price: $6.92
EPS (Diluted): -5.93
EPS (Diluted): -5.93
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.37
Stock Price: $6.92
Total Equity: $87.57M
Shares: 4,141,070
Total Equity: $87.57M
Shares: 4,141,070
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.20
Market Cap: $28.44M
Total Debt: $7.56M
Cash: $206.98M
EBITDA: -$30.83M
Total Debt: $7.56M
Cash: $206.98M
EBITDA: -$30.83M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$153.8M
Market Cap: $28.44M
Total Debt: $7.56M
Cash: $206.98M
Total Debt: $7.56M
Cash: $206.98M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
38.0%
Gross Profit: $39.60M
Revenue: $104.19M
Revenue: $104.19M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-29.6%
Operating Income: -$30.83M
Revenue: $104.19M
Revenue: $104.19M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-22.0%
Net Income: -$22.94M
Revenue: $104.19M
Revenue: $104.19M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-30.8%
Net Income: -$22.94M
Total Equity: $87.57M
Total Equity: $87.57M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-2.4%
Operating Income: -$30.83M
Tax Rate: 25.6%
Equity: $87.57M
Total Debt: $7.56M
Cash: $206.98M
Tax Rate: 25.6%
Equity: $87.57M
Total Debt: $7.56M
Cash: $206.98M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.18
Current Assets: $215.40M
Current Liabilities: $1.19B
Current Liabilities: $1.19B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.09
Short-Term Debt: $0.00
Long-Term Debt: $7.56M
Total Debt: $7.56M
Total Equity: $87.57M
Long-Term Debt: $7.56M
Total Debt: $7.56M
Total Equity: $87.57M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$25.16
Revenue: $104.19M
Shares: 4,141,070
Shares: 4,141,070
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$21.15
Total Equity: $87.57M
Shares: 4,141,070
Shares: 4,141,070
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$68.82
Operating CF: $285.30M
CapEx: -$300,000
Shares: 4,141,070
CapEx: -$300,000
Shares: 4,141,070
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.4%
Last Dividend: N/A
Stock Price: $6.92
Stock Price: $6.92
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$22.94M
Net Income: -$22.94M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BAFN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $63.3M | $66.4M | $110.8M | $125.2M | $104.2M |
| Cost of Revenue | $3.8M | $7.9M | $42.5M | $59.5M | $64.6M |
| Gross Profit | $59.5M | $58.5M | $68.3M | $65.7M | $39.6M |
| Operating Expenses | $47.8M | $51.5M | $60.3M | $48.7M | $70.4M |
| Operating Income | $11.7M | $7.0M | $8.0M | $17.0M | -$30.8M |
| Net Income | $24.6M | $-349,000 | $5.7M | $12.6M | -$22.9M |
| EBITDA | $16.0M | $12.0M | $14.8M | $25.7M | -$30.8M |
| EPS | $6.21 | $-0.29 | $1.16 | $2.68 | $-5.93 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $112.1M | $70.9M | $63.0M | $80.1M | $207.0M |
| Total Current Assets | $146.5M | $117.7M | $109.7M | $98.1M | $215.4M |
| Total Assets | $917.1M | $938.9M | $1.1B | $1.3B | $1.3B |
| Current Liabilities | $731.0M | $808.0M | $986.0M | $1.1B | $1.2B |
| Long-Term Debt | $9.3M | $33.8M | $18.3M | $7.9M | $7.6M |
| Total Liabilities | $820.8M | $847.0M | $1.0B | $1.2B | $1.2B |
| Total Equity | $96.3M | $91.9M | $100.7M | $110.9M | $87.6M |
| Retained Earnings | $35.9M | $33.5M | $34.4M | $44.1M | $19.8M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $495.4M | $440.3M | $454.8M | $390.5M | $285.3M |
| Capital Expenditure | -$13.1M | -$8.1M | -$7.6M | -$1.7M | $-300,000 |
| Free Cash Flow | $482.3M | $432.2M | $447.2M | $388.8M | $285.0M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $-49,000 | $-13,000 | $-23,000 | $-285,000 |
| Net Change in Cash | $54.3M | -$43.7M | -$7.7M | $19.4M | $129.2M |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.8% | +66.9% | +13.0% | -16.8% |
| Gross Profit Growth | -1.7% | +16.7% | -3.8% | -39.8% |
| Operating Income Growth | -39.9% | +14.2% | +111.4% | -281.5% |
| Net Income Growth | -101.4% | +1,733.8% | +121.0% | -282.0% |
| EBITDA Growth | -25.1% | +23.1% | +73.9% | -219.9% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2024-12-31 | Oliver Robin Leigh | A-Award | 101.25 | $13.30 | $1,347 |
| 2024-12-31 | McKim Scott Joseph | A-Award | 90.83 | $13.30 | $1,208 |
| 2024-12-31 | Tudor Rhonda S | A-Award | 63.76 | $13.30 | $848 |
| 2024-12-31 | Zernick Thomas Gerard | A-Award | 101.25 | $13.30 | $1,347 |
| 2024-12-31 | LEO ANTHONY N | A-Award | 101.25 | $13.30 | $1,347 |
| 2026-02-05 | Tudor Rhonda S | J-Other | 16.61 | $6.02 | $100 |
| 2026-02-05 | Zernick Thomas Gerard | J-Other | 249.13 | $6.02 | $1,500 |
| 2026-02-03 | Zernick Thomas Gerard | F-InKind | 890.00 | $6.65 | $5,919 |
| 2026-02-05 | McKim Scott Joseph | J-Other | 49.83 | $6.02 | $300 |
| 2026-02-03 | McKim Scott Joseph | F-InKind | 89.00 | $6.65 | $592 |
| 2026-01-23 | McKim Scott Joseph | F-InKind | 75.00 | $6.70 | $503 |
| 2026-02-05 | Oliver Robin Leigh | J-Other | 49.83 | $6.02 | $300 |
| 2026-02-03 | Oliver Robin Leigh | F-InKind | 134.00 | $6.65 | $891 |
| 2026-01-23 | Oliver Robin Leigh | F-InKind | 134.00 | $6.70 | $898 |
| 2026-01-26 | Oliver Robin Leigh | F-InKind | 119.00 | $6.82 | $812 |
| 2026-01-26 | Oliver Robin Leigh | F-InKind | 119.00 | $6.82 | $812 |
| 2026-01-27 | Oliver Robin Leigh | F-InKind | 119.00 | $6.74 | $802 |
| 2025-10-24 | Tudor Rhonda S | F-InKind | 228.00 | $9.41 | $2,145 |
| 2025-11-13 | McKim Scott Joseph | J-Other | 40.40 | $7.43 | $300 |
| 2025-11-13 | Tudor Rhonda S | J-Other | 40.40 | $7.43 | $300 |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2025-05-30 | $0.08 | 2025-04-22 | 2025-06-01 | 2025-06-15 |
| 2025-02-28 | $0.08 | 2025-01-30 | 2025-03-01 | 2025-03-15 |
| 2024-11-29 | $0.08 | 2024-10-22 | 2024-12-01 | 2024-12-15 |
| 2024-08-30 | $0.08 | 2024-07-23 | 2024-09-01 | 2024-09-15 |
| 2024-05-31 | $0.08 | 2024-04-25 | 2024-06-01 | 2024-06-15 |
| 2024-02-29 | $0.08 | 2024-01-23 | 2024-03-01 | 2024-03-15 |
| 2023-11-30 | $0.08 | 2023-10-24 | 2023-12-01 | 2023-12-15 |
| 2023-08-31 | $0.08 | 2023-07-25 | 2023-09-01 | 2023-09-15 |
| 2023-05-31 | $0.08 | 2023-04-27 | 2023-06-01 | 2023-06-15 |
| 2023-02-28 | $0.08 | 2023-01-26 | 2023-03-01 | 2023-03-15 |
| 2022-11-30 | $0.08 | 2022-10-25 | 2022-12-01 | 2022-12-15 |
| 2022-08-31 | $0.08 | 2022-07-28 | 2022-09-01 | 2022-09-15 |
| 2022-05-31 | $0.08 | 2022-04-29 | 2022-06-01 | 2022-06-15 |
| 2022-02-28 | $0.08 | 2022-01-27 | 2022-03-01 | 2022-03-15 |
| 2021-11-12 | $0.07 | 2021-10-26 | 2021-11-15 | 2022-12-15 |
| 2021-08-12 | $0.07 | 2021-07-27 | 2021-08-15 | 2021-09-15 |
| 2021-06-16 | $0.07 | 2021-05-05 | 2021-05-15 | |
| 2021-02-11 | $0.10 | 2021-01-26 | 2021-02-15 | 2021-03-15 |
| 2020-11-12 | $0.10 | 2020-10-27 | 2020-11-15 | 2020-12-15 |
| 2020-08-13 | $0.10 | 2020-07-28 | 2020-08-15 | 2020-09-15 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27