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

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant growth in short interest during 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 shares of the stock are short sold. Based on an average daily volume of 6,500 shares, the short-interest ratio is currently 1.4 days.

BayFirst Financial Price Performance

BayFirst Financial stock traded up $0.08 during mid-day trading on Friday, reaching $15.38. 11,279 shares of the company’s stock traded hands, compared to its average volume of 5,373. BayFirst Financial has a 12-month low of $10.40 and a 12-month high of $17.50. The company has a market cap of $63.57 million, a price-to-earnings ratio of 21.07 and a beta of 0.40. The stock has a 50 day moving average of $13.63 and a two-hundred day moving average of $13.40. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21.

BayFirst Financial (NASDAQ:BAFN) last issued 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 Announces Dividend

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

Institutional Investors Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC boosted 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 and Exchange Commission (SEC). The fund owned 36,101 shares of the company’s stock after purchasing an additional 2,490 shares during the period. Geode Capital Management LLC owned approximately 0.87% of BayFirst Financial worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.88% of the company’s stock.

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.