Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Declines By 41.5%

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 8,600 shares, a decline of 41.5% from the November 30th total of 14,700 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 6,600 shares, the days-to-cover ratio is currently 1.3 days.

BayFirst Financial Stock Up 1.4 %

NASDAQ BAFN traded up $0.18 on Friday, hitting $13.49. 2,872 shares of the stock were exchanged, compared to its average volume of 8,036. BayFirst Financial has a fifty-two week low of $10.40 and a fifty-two week high of $15.05. The company has a 50-day moving average price of $13.30 and a 200-day moving average price of $13.01. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a market cap of $55.75 million, a PE ratio of 18.48 and a beta of 0.41.

BayFirst Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.37%. BayFirst Financial’s payout ratio is currently 43.84%.

Institutional Trading of BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC grew its holdings in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 36,101 shares of the company’s stock after acquiring an additional 2,490 shares during the quarter. 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 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.