BayFirst Financial Exits SBA 7(a) Lending Business

BayFirst Financial Corp ( (BAFN) ) has shared an update.

On September 29, 2025, BayFirst Financial Corp. announced its decision to exit the SBA 7(a) lending business by selling $103 million in SBA 7(a) loan balances to Banesco USA. This strategic move is part of BayFirst’s efforts to derisk its balance sheet and focus on long-term growth, with the majority of its SBA lending staff transitioning to Banesco USA. The transaction is expected to close in the fourth quarter of the year, marking a significant shift in BayFirst’s operations while Banesco USA aims to expand its small business lending capabilities nationally.

The most recent analyst rating on (BAFN) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on BayFirst Financial Corp stock, see the BAFN Stock Forecast page.

Spark’s Take on BAFN Stock

According to Spark, TipRanks’ AI Analyst, BAFN is a Neutral.

BayFirst Financial Corp’s overall stock score reflects a mix of solid financial performance and attractive valuation, offset by bearish technical indicators and negative corporate events. The company’s strategic challenges and restructuring efforts are significant factors impacting the score.

To see Spark’s full report on BAFN stock, click here.

More about BayFirst Financial Corp

BayFirst Financial Corp., based in St. Petersburg, Florida, is a registered bank holding company that operates through its wholly owned subsidiary, BayFirst National Bank. The bank offers a wide range of commercial and consumer banking services to businesses and individuals across the Tampa Bay-Sarasota region, with twelve full-service banking offices. As of June 30, 2025, BayFirst Financial Corp. reported $1.34 billion in total assets.

Average Trading Volume: 16,716

Technical Sentiment Signal: Sell

Current Market Cap: $36.79M

For an in-depth examination of BAFN stock, go to TipRanks’ Overview page.