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

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 16,500 shares, a decline of 10.8% from the October 15th total of 18,500 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is presently 2.4 days. Approximately 0.5% of the company’s shares are sold short.

BayFirst Financial Stock Performance

Shares of BAFN stock opened at $13.55 on Tuesday. BayFirst Financial has a 52 week low of $10.15 and a 52 week high of $15.05. The firm has a market capitalization of $55.96 million, a price-to-earnings ratio of 18.56 and a beta of 0.42. The stock has a fifty day moving average of $13.29 and a 200 day moving average of $12.77. 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 business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, November 29th. BayFirst Financial’s dividend payout ratio (DPR) is presently 43.84%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC grew its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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. Institutional investors and hedge funds own 16.88% of the company’s stock.

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.