BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 7,200 shares, a decline of 16.3% from the December 31st total of 8,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is presently 1.2 days.
BayFirst Financial Stock Performance
Shares of NASDAQ BAFN traded up $0.30 during midday trading on Monday, reaching $15.68. 5,685 shares of the company were exchanged, compared to its average volume of 5,999. The stock has a fifty day simple moving average of $13.63 and a 200 day simple moving average of $13.40. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market cap of $64.74 million, a P/E ratio of 6.22 and a beta of 0.43. BayFirst Financial has a 1 year low of $10.40 and a 1 year high of $17.50.
BayFirst Financial (NASDAQ:BAFN - Get Free Report) last released its earnings results 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. BayFirst Financial's payout ratio is 12.70%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC lifted its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFN - Free Report) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,101 shares of the company's stock after buying an additional 2,490 shares during the period. Geode Capital Management LLC owned about 0.87% of BayFirst Financial worth $475,000 at the end of the most recent reporting 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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