Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Decreases By 10.8%

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a large decline in short interest during 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 shares of the company are short sold.

BayFirst Financial Stock Performance

Shares of BAFN remained flat at $13.73 on Friday. The company had a trading volume of 1,147 shares, compared to its average volume of 7,964. The business has a 50-day moving average price of $13.29 and a 200 day moving average price of $12.77. The firm has a market capitalization of $56.68 million, a PE ratio of 18.80 and a beta of 0.42. BayFirst Financial has a one year low of $9.95 and a one year high of $15.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 0.98.

BayFirst Financial Announces Dividend

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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 2.33%. BayFirst Financial’s dividend payout ratio (DPR) is presently 43.84%.

Institutional Investors Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Kennedy Capital Management LLC grew its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 28.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,425 shares of the company’s stock after buying an additional 7,774 shares during the period. Kennedy Capital Management LLC owned 0.86% of BayFirst Financial worth $459,000 at the end of the most recent reporting period. 16.88% of the stock is currently owned by institutional investors and hedge funds.

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.