BayFirst Financial (NASDAQ:BAFN) Shares Down 1.5% – Here’s Why

BayFirst Financial Corp. (NASDAQ:BAFN) shares traded down 1.5% during trading on Thursday . The stock traded as low as $15.60 and last traded at $16.36. 15,071 shares changed hands during trading, an increase of 95% from the average session volume of 7,718 shares. The stock had previously closed at $16.61.

BayFirst Financial Trading Down 9.0 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $61.75 million, a price-to-earnings ratio of 5.91 and a beta of 0.38. The business’s 50-day moving average price is $17.52 and its two-hundred day moving average price is $14.81.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.11 EPS for the quarter. BayFirst Financial had a return on equity of 14.81% and a net margin of 8.80%.

BayFirst Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, February 28th. BayFirst Financial’s dividend payout ratio (DPR) is presently 12.70%.

Institutional Investors Weigh In On BayFirst Financial

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of BayFirst Financial in the 4th quarter valued at approximately $133,000. Northern Trust Corp increased its stake in BayFirst Financial by 70.5% in the fourth quarter. Northern Trust Corp now owns 17,408 shares of the company’s stock valued at $232,000 after acquiring an additional 7,199 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in BayFirst Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 36,101 shares of the company’s stock valued at $475,000 after acquiring an additional 2,490 shares during the last quarter. 16.88% of the stock is currently owned by institutional investors and hedge funds.

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.