BayFirst Financial (NASDAQ:BAFN) Shares Down 1.5% – What’s Next?

BayFirst Financial Corp. (NASDAQ:BAFN) shares fell 1.5% during trading on Thursday . The stock traded as low as $15.60 and last traded at $16.36. 15,071 shares changed hands during trading, an increase of 95% from the average session volume of 7,718 shares. The stock had previously closed at $16.61.

BayFirst Financial Trading Down 9.0 %

The business’s 50-day moving average is $17.52 and its two-hundred day moving average is $14.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a market cap of $61.75 million, a P/E ratio of 5.91 and a beta of 0.38.

BayFirst Financial (NASDAQ:BAFN) last issued its earnings results on Thursday, January 30th. The company reported $2.11 earnings per share for the quarter. BayFirst Financial had a net margin of 8.80% and a return on equity of 14.81%.

BayFirst Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Friday, February 28th. BayFirst Financial’s dividend payout ratio is 12.70%.

Hedge Funds Weigh In On BayFirst Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in shares of BayFirst Financial during the fourth quarter worth approximately $133,000. Northern Trust Corp lifted its holdings in shares of BayFirst Financial by 70.5% during the fourth quarter. Northern Trust Corp now owns 17,408 shares of the company’s stock worth $232,000 after buying an additional 7,199 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of BayFirst Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 36,101 shares of the company’s stock valued at $475,000 after acquiring an additional 2,490 shares during the period. 16.88% of the stock is currently owned by institutional investors and hedge funds.

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.