Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Declines By 10.8%

BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 16,500 shares, a decline of 10.8% from the October 15th total of 18,500 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is currently 2.4 days. Approximately 0.5% of the company's stock are sold short.

BayFirst Financial Stock Performance

Shares of BayFirst Financial stock remained flat at $13.73 during trading on Friday. 1,147 shares of the company traded hands, compared to its average volume of 7,964. BayFirst Financial has a 52 week low of $9.95 and a 52 week high of $15.05. The firm has a market capitalization of $56.68 million, a P/E ratio of 18.80 and a beta of 0.42. The business's 50 day moving average price is $13.29 and its two-hundred day moving average price is $12.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.93.

BayFirst Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.33%. BayFirst Financial's payout ratio is 43.84%.

Institutional Trading of BayFirst Financial

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% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,101 shares of the company's stock after buying an additional 2,490 shares during the quarter. Geode Capital Management LLC owned about 0.87% of BayFirst Financial worth $475,000 at the end of the most recent quarter. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

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.