BayFirst Financial Corp. (NASDAQ:BAFN) Sees Significant Decrease in Short Interest

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,200 shares, a decrease of 16.3% from the December 15th total of 8,600 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC boosted its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,101 shares of the company’s stock after buying 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 SEC. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Price Performance

Shares of BAFN stock traded up $0.08 during mid-day trading on Thursday, reaching $13.40. The stock had a trading volume of 3,228 shares, compared to its average volume of 4,253. The company has a market cap of $55.34 million, a P/E ratio of 18.36 and a beta of 0.40. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. BayFirst Financial has a 12-month low of $10.40 and a 12-month high of $15.05. The business has a 50-day simple moving average of $13.31 and a 200 day simple moving average of $13.18.

BayFirst Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders 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 yield of 2.39%. The ex-dividend date was Friday, November 29th. BayFirst Financial’s payout ratio is currently 43.84%.

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.