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

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

BayFirst Financial Trading Up 1.4 %

NASDAQ BAFN traded up $0.18 during trading on Friday, hitting $13.49. 2,872 shares of the company’s stock traded hands, compared to its average volume of 8,036. The firm has a market cap of $55.75 million, a P/E ratio of 18.48 and a beta of 0.41. The stock has a fifty day moving average of $13.29 and a two-hundred day moving average of $12.98. 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 has a 12-month low of $10.40 and a 12-month high of $15.05.

BayFirst Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, November 29th. BayFirst Financial’s payout ratio is 43.84%.

Hedge Funds Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC increased its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,101 shares of the company’s stock after purchasing an additional 2,490 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of BayFirst Financial worth $475,000 as of its most recent filing with the Securities & Exchange Commission. 16.88% of the stock is owned by 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.