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

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 9,200 shares, a growth of 27.8% from the December 31st total of 7,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 1.4 days.

BayFirst Financial Stock Up 0.5 %

Shares of NASDAQ:BAFN traded up $0.08 during trading on Friday, reaching $15.38. The stock had a trading volume of 11,279 shares, compared to its average volume of 5,373. The firm’s 50-day simple moving average is $13.63 and its 200 day simple moving average is $13.40. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. BayFirst Financial has a one year low of $10.40 and a one year high of $17.50. The company has a market capitalization of $63.57 million, a P/E ratio of 21.07 and a beta of 0.40.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.11 earnings per share for the quarter. BayFirst Financial had a return on equity of 5.34% and a net margin of 3.38%.

BayFirst Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. BayFirst Financial’s dividend payout ratio (DPR) is currently 12.70%.

Institutional Trading of BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC lifted its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure 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 about 0.87% of BayFirst Financial worth $475,000 as of its most recent SEC filing. 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.