Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Increases By 43.1%

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 8,300 shares, an increase of 43.1% from the August 15th total of 5,800 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.

BayFirst Financial Price Performance

Shares of NASDAQ:BAFN traded down $0.19 during midday trading on Friday, reaching $12.71. 3,103 shares of the company’s stock traded hands, compared to its average volume of 8,502. The company has a market cap of $52.49 million, a P/E ratio of 11.25 and a beta of 0.44. The company has a fifty day simple moving average of $13.13 and a two-hundred day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.93 and a current ratio of 1.01. BayFirst Financial has a 1 year low of $8.88 and a 1 year high of $14.50.

BayFirst Financial (NASDAQ:BAFN) last announced its earnings results on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $20.84 million for the quarter. BayFirst Financial had a net margin of 4.01% and a return on equity of 6.38%.

BayFirst Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 30th. This represents a $0.32 annualized dividend and a yield of 2.52%. BayFirst Financial’s dividend payout ratio (DPR) is currently 28.32%.

Hedge Funds Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Kennedy Capital Management LLC grew its holdings in BayFirst Financial Corp. (NASDAQ:BAFN) by 28.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,425 shares of the company’s stock after buying an additional 7,774 shares during the period. Kennedy Capital Management LLC owned 0.86% of BayFirst Financial worth $459,000 as of its most recent filing with the Securities & Exchange Commission. 16.88% of the stock is currently owned by institutional investors and hedge funds.

BayFirst Financial Company Profile

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.