BayFirst Financial is a bank holding company. Through its wholly owned subsidiary, First Home Bank (the Bank), Co. provides a variety of community banking services through its banking centers located in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, and Tampa, FL. The Bank's primary deposit products are demand deposits, NOW accounts, money market accounts, savings deposits, and time deposits and its primary lending products are residential mortgage, commercial, and installment loans. In addition, Co. provides lending services nationwide to small business customers. Co. has two reportable segments: Banking and Residential Mortgage Lending. We show 3 historical shares outstanding datapoints in our BAFN shares outstanding history coverage, used to compute BAFN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BAFN market cap history over the course of time is important for investors
interested in comparing BAFN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BAFN versus a peer is one thing; comparing
BAFN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BAFN can fluctuate over the course of history.
With this page we aim to empower investors researching BAFN by allowing them to research the BAFN market cap history. |
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Video: The Importance of Market Cap
