BayFirst Financial's 15min chart signals RSI overbought, narrowing Bollinger Bands.

According to the 15-minute chart analysis of BayFirst Financial, the Relative Strength Index (RSI) has reached overbought levels and Bollinger Bands have narrowed as of August 13, 2025 at 14:15. This indicates that the stock price has experienced a rapid increase, exceeding the company's fundamental support, and the magnitude of price fluctuations has decreased.

BayFirst Financial Corp. (NASDAQ: BAFN) has been undergoing significant strategic changes, as indicated by recent market indicators and financial actions. According to the 15-minute chart analysis, the Relative Strength Index (RSI) has reached overbought levels, and the Bollinger Bands have narrowed as of August 13, 2025, at 14:15. This suggests that the stock price has experienced a rapid increase, potentially exceeding the company's fundamental support, and the magnitude of price fluctuations has decreased.

The company has announced the immediate discontinuation of its Bolt SBA 7(a) loan program as part of a strategic restructuring. This move includes a substantial workforce reduction of 17% (51 positions) and a projected annual cost saving of $6 million. The company aims to refocus on its core community banking activities across its twelve Tampa Bay centers while strengthening its core SBA 7(a) offerings.

The decision to discontinue the Bolt SBA loan program is a significant strategic pivot, indicating underlying performance issues. The company has already recorded charge-offs and fair value write-downs on high-risk SBA loans in Q2 2025, with additional restructuring charges expected in Q3. The magnitude of these financial impacts is serious enough to warrant suspending dividend payments and board fees, directly affecting shareholder returns. The company's plan to sell the Bolt loan balances and origination platform suggests management sees limited recovery potential in managing these assets internally.

The announcement frames these changes as part of a "comprehensive strategic review" to reduce risk and position for long-term growth. However, the immediate actions—workforce reduction, dividend suspension, and write-downs—point to addressing urgent financial pressures rather than proactive repositioning. BayFirst appears to be refocusing on its core community banking operations in Florida markets, leveraging its existing twelve banking centers to pursue more traditional, potentially lower-risk growth opportunities.

These changes come amidst notable market indicators suggesting a potential shift in stock price momentum. According to the 15-minute chart for BayFirst Financial, the RSI has reached overbought levels, and the Bollinger Bands have narrowed as of August 5, 2025, at 3:45pm [1]. This suggests that the stock price has experienced a rapid increase, potentially exceeding its fundamental value support, and the magnitude of price fluctuations has decreased.

The company's strategic restructuring is a response to financial pressures and aims to reposition itself for long-term growth. However, the immediate actions and financial implications raise concerns for investors about the company's ability to sustain long-term growth and profitability.

References:
[1] https://www.ainvest.com/news/bayfirst-financial-15min-chart-triggers-rsi-overbought-bollinger-bands-narrowing-2508/
[2] https://www.stocktitan.net/news/BAFN/bay-first-discontinues-bolt-sba-7-a-loan-3pzl4uu7phjn.html
[3] https://finance.yahoo.com/news/bayfirst-financial-corp-bafn-q2-071827715.html