BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 27.8% in January

BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 9,200 shares, an increase of 27.8% from the December 31st total of 7,200 shares. Approximately 0.3% of the company's shares are short sold. Based on an average trading volume of 6,500 shares, the short-interest ratio is presently 1.4 days.

BayFirst Financial Stock Up 0.9 %

NASDAQ:BAFN traded up $0.15 during trading hours on Wednesday, hitting $16.10. 9,275 shares of the stock traded hands, compared to its average volume of 6,008. The firm has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.44. The firm has a market cap of $66.54 million, a price-to-earnings ratio of 6.39 and a beta of 0.43. 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 fifty-two week low of $10.40 and a fifty-two week high of $17.50.

BayFirst Financial (NASDAQ:BAFN - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.11 earnings per share (EPS) for the quarter. BayFirst Financial had a return on equity of 14.81% and a net margin of 8.80%.

BayFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. BayFirst Financial's dividend payout ratio is presently 12.70%.

Hedge Funds Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC grew its holdings in BayFirst Financial Corp. (NASDAQ:BAFN - Free Report) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 16.88% of the company's stock.

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.