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Derek Steven Berset, a director at BayFirst Financial Corp. (NASDAQ:BAFN), a $62.76 million market cap financial institution currently trading at a low P/E multiple of 6.4x, recently executed a minor stock transaction, selling a fractional amount of common stock valued at approximately $2 on May 15. The shares were sold at a price of $14.86 each. Following this sale, Berset acquired additional shares through the company’s Non-Qualified Stock Purchase Plan, purchasing 467.3334 shares at $16.05 per share, totaling $7,500. After these transactions, Berset’s total direct ownership stands at 69,379.2614 shares. According to InvestingPro, BayFirst maintains a GREAT financial health score and offers a 2.11% dividend yield. Subscribers can access comprehensive insider trading analysis and additional ProTips through InvestingPro’s detailed research reports.
In other recent news, BayFirst Financial Corporation reported a net loss of $335,000 for the first quarter of 2025. This represents a significant decline from the net income of $9.8 million recorded in the previous quarter. Despite the loss, BayFirst Financial saw an increase in total assets, which rose by $3.7 million to reach $1.29 billion. Shareholders’ equity also improved, showing a year-over-year increase of $9.5 million. However, the tangible book value per share experienced a slight decrease, moving from $22.95 to $22.77. In addition to the financial results, BayFirst Financial held its 2025 Annual Meeting of Shareholders, where 12 director nominees were elected to serve until the next annual meeting. The company is also focusing on strategic initiatives, such as derisking its balance sheet and enhancing credit risk management, as part of a comprehensive review. These developments reflect ongoing efforts by BayFirst Financial to navigate the current economic landscape and improve its financial standing.
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