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

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a significant decrease in short interest in 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. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC increased its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,101 shares of the company’s stock after buying an additional 2,490 shares during the period. Geode Capital Management LLC owned 0.87% of BayFirst Financial worth $475,000 as of its most recent filing with the SEC. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

BayFirst Financial Stock Performance

Shares of BAFN stock traded up $0.35 on Friday, reaching $13.75. The stock had a trading volume of 5,970 shares, compared to its average volume of 3,335. BayFirst Financial has a 12 month low of $10.40 and a 12 month high of $15.05. 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 firm’s 50-day moving average is $13.30 and its two-hundred day moving average is $13.19. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21.

BayFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.08 dividend. 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 is 43.84%.

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.