The parent company of St. Petersburg-based First Home Bank began common stock trading on the Nasdaq Capital Market under the symbol “BAFN” Tuesday.
BayFirst Financial Corp. became the only bank holding company headquartered on Florida’s west coast and one of only seven in the state to be Nasdaq listed, according to a news release. Shares were priced at $25.
“Receiving approval to trade on the Nasdaq Capital Market marks a pivotal moment in our history,” said Anthony N. Leo, BayFirst’s CEO in a statement. “It will aid greatly in our efforts to grow our banking franchise, increase our visibility among investors, provide additional liquidity to shareholders, and ultimately stake our claim as the bank of Tampa Bay.”
BayFirst Financial Corp. is a registered bank holding company which owns First Home Bank, a state-chartered banking institution based in St. Petersburg. First Home opened its seventh location in Bellair Bluffs earlier this week and has an eighth bank under construction in Sarasota.