Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Drops By 16.3%

BayFirst Financial Corp. (NASDAQ:BAFN) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 7,200 shares, a decline of 16.3% from the December 15th total of 8,600 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 1.2 days.

BayFirst Financial Stock Up 2.6 %

Shares of NASDAQ BAFN traded up $0.35 during midday trading on Friday, hitting $13.75. The company’s stock had a trading volume of 5,970 shares, compared to its average volume of 3,335. 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 capitalization of $56.79 million, a price-to-earnings ratio of 18.84 and a beta of 0.40. The business’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $13.19. BayFirst Financial has a 1 year low of $10.40 and a 1 year high of $15.05.

BayFirst Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, November 29th. BayFirst Financial’s dividend payout ratio is currently 43.84%.

Institutional Trading of BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC raised its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% during the third 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 period. Geode Capital Management LLC owned about 0.87% of BayFirst Financial worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.88% of the company’s stock.

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.