BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Down 9.7% in November

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 14,900 shares, a decline of 9.7% from the October 31st total of 16,500 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is currently 2.1 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC increased its holdings in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,101 shares of the company’s stock after buying 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. Institutional investors own 16.88% of the company’s stock.

BayFirst Financial Stock Up 0.6 %

BayFirst Financial stock traded up $0.08 during midday trading on Monday, hitting $13.25. 326 shares of the stock were exchanged, compared to its average volume of 8,170. BayFirst Financial has a 1 year low of $10.40 and a 1 year high of $15.05. The firm has a market cap of $54.72 million, a P/E ratio of 18.15 and a beta of 0.42. 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 50 day moving average price of $13.29 and a two-hundred day moving average price of $12.80.

BayFirst Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, November 29th. BayFirst Financial’s payout ratio is currently 43.84%.

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.