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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC boosted its position in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 16.88% of the stock is owned by institutional investors.

BayFirst Financial Stock Up 2.6 %

Shares of NASDAQ BAFN traded up $0.35 during mid-day trading on Friday, reaching $13.75. 5,970 shares of the company’s stock were exchanged, compared to its average volume of 3,335. BayFirst Financial has a twelve month low of $10.40 and a twelve month high of $15.05. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. 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 has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $13.19.

BayFirst Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 2.33%. BayFirst Financial’s dividend payout ratio (DPR) 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.