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BayFirst Financial Corp. (BAFN) shares soared to a 52-week high, reaching a price level of $18.33 USD, signaling a robust performance period for the small-cap financial institution, which currently maintains a market capitalization of $70.24 million. According to InvestingPro analysis, the stock is currently trading at Fair Value levels. This peak comes amidst a notable year for BayFirst Financial, which has seen its stock value climb by an impressive 41.27% over the past year. Investors have shown increased confidence in the financial institution, reflecting in the stock’s strong upward trajectory and its current standing at the top of its 52-week range. The company trades at an attractive P/E ratio of 6.31 and has maintained consistent dividend payments for 10 consecutive years. InvestingPro subscribers can access additional insights, including 8 more ProTips about BAFN’s financial health and growth prospects.
In other recent news, BayFirst Financial Corp. disclosed its fourth-quarter financial results for the period ending December 31, 2024. The announcement was made during a conference call held on January 31, 2025, with details provided in a recent SEC Form 8-K filing. In addition to financial results, BayFirst Financial has completed the sale of two branch office properties to Mountainseed Real Estate Services, LLC for $15 million. This transaction includes a 15-year leaseback arrangement, allowing BayFirst Financial to continue operating at the sold locations. The annual rent for the lease is approximately $1.24 million. This strategic sale-leaseback move is intended to provide BayFirst Financial with additional liquidity while maintaining branch operations. The company has made this information available in its latest 8-K filing.
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