Added to YB: 2026-03-19
Pitch date: 2026-03-18
BAFN [neutral]
BayFirst Financial Corp.
Author Info
No bio for this author
Company Info
BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for small and medium sized businesses and individuals.
Market Cap
$21.7M
Pitch Price
N/A
Price Target
20.66
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.89
EV/Sales
N/A
Sector
Banks
Category
special_situation
BayFirst Financial: Twelve Branches, Twelve Board Members, Zero Accountability
BAFN (overview): Tampa Bay bank w/ $1.18B deposits, 12 branches in high-growth market trading 0.31x TBV ($5.40 vs $17.22/share). $22M net loss in 2025 from failed $802M SBA Bolt program (90%+ of losses). Mgmt who caused crisis still in place. No dual-class stock, no staggered board, 68% retail float. FL credit unions paying 1.5x book in M&A. Activist thesis: force sale or board change. 1.2x book = $20.66 target (283% return). OCC formal agreement restricts dividends.
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