BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 8,600 shares, a decrease of 41.5% from the November 30th total of 14,700 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company's stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC raised its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN - Free Report) by 7.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,101 shares of the company's stock after acquiring 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 SEC filing. 16.88% of the stock is owned by institutional investors.
BayFirst Financial Stock Up 1.4 %
BAFN traded up $0.18 during trading on Friday, reaching $13.49. The stock had a trading volume of 2,872 shares, compared to its average volume of 8,036. BayFirst Financial has a one year low of $10.40 and a one year high of $15.05. The company has a market capitalization of $55.75 million, a price-to-earnings ratio of 18.48 and a beta of 0.41. The stock's 50 day moving average is $13.30 and its two-hundred day moving average is $13.00. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a $0.08 dividend. 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 dividend payout ratio is currently 43.84%.
About BayFirst Financial
(
Get Free Report)
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.
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