BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) dropped 1.5% during mid-day trading on Thursday . The company traded as low as $15.60 and last traded at $16.36. Approximately 15,071 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 7,718 shares. The stock had previously closed at $16.61.
BayFirst Financial Stock Down 2.0 %
The business has a 50 day simple moving average of $17.48 and a 200 day simple moving average of $14.85. The company has a market capitalization of $60.88 million, a price-to-earnings ratio of 5.83 and a beta of 0.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91.
BayFirst Financial (NASDAQ:BAFN - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.11 EPS for the quarter. BayFirst Financial had a return on equity of 14.81% and a net margin of 8.80%.
BayFirst Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, February 28th. BayFirst Financial's payout ratio is currently 12.70%.
Hedge Funds Weigh In On BayFirst Financial
Several institutional investors have recently modified their holdings of BAFN. Renaissance Technologies LLC purchased a new position in BayFirst Financial in the fourth quarter valued at $133,000. Northern Trust Corp raised its position in BayFirst Financial by 70.5% in the 4th quarter. Northern Trust Corp now owns 17,408 shares of the company's stock valued at $232,000 after purchasing an additional 7,199 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of BayFirst Financial by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 36,101 shares of the company's stock valued at $475,000 after buying an additional 2,490 shares during the period. Institutional investors and hedge funds own 16.88% of the company's stock.
BayFirst Financial Company Profile
(
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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