BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 14,900 shares, a drop of 9.7% from the October 31st total of 16,500 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is currently 2.1 days.
Institutional Trading of BayFirst Financial
A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC lifted its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,101 shares of the company's stock after acquiring an additional 2,490 shares during the quarter. Geode Capital Management LLC owned 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 and hedge funds.
BayFirst Financial Stock Performance
NASDAQ BAFN traded up $0.08 on Friday, hitting $13.25. The stock had a trading volume of 1,533 shares, compared to its average volume of 7,975. The company's 50-day moving average is $13.29 and its two-hundred day moving average is $12.80. The stock has a market cap of $54.72 million, a price-to-earnings ratio of 18.15 and a beta of 0.42. 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 has a one year low of $10.15 and a one year high of $15.05.
BayFirst Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.42%. BayFirst Financial's dividend payout ratio (DPR) is 43.84%.
About BayFirst Financial
(
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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.
Further Reading
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