BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 8,600 shares, a decrease of 41.5% from the November 30th total of 14,700 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 1.3 days.

BayFirst Financial Stock Up 1.4 %

Shares of NASDAQ BAFN traded up $0.18 during midday trading on Friday, hitting $13.49. The company’s stock had a trading volume of 2,872 shares, compared to its average volume of 8,036. BayFirst Financial has a 1 year low of $10.40 and a 1 year high of $15.05. The business’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $13.01. The firm has a market capitalization of $55.75 million, a price-to-earnings ratio of 18.48 and a beta of 0.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91.

BayFirst Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.37%. BayFirst Financial’s dividend payout ratio (DPR) is 43.84%.

Institutional Trading of BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC increased its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,101 shares of the company’s stock after purchasing an additional 2,490 shares during the quarter. Geode Capital Management LLC owned 0.87% of BayFirst Financial worth $475,000 at the end of the most recent quarter. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

About BayFirst Financial

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.