BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Down 16.3% in December

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 7,200 shares, a drop of 16.3% from the December 15th total of 8,600 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

BayFirst Financial Price Performance

Shares of BayFirst Financial stock traded up $0.08 during trading on Thursday, reaching $13.40. The company’s stock had a trading volume of 3,228 shares, compared to its average volume of 4,253. The business has a 50 day moving average price of $13.31 and a 200-day moving average price of $13.18. The company has a market capitalization of $55.34 million, a P/E ratio of 18.36 and a beta of 0.40. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. BayFirst Financial has a 12-month low of $10.40 and a 12-month high of $15.05.

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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.39%. BayFirst Financial’s dividend payout ratio (DPR) is presently 43.84%.

Institutional Trading of BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC raised its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to the company in its most recent disclosure 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 approximately 0.87% of BayFirst Financial worth $475,000 at the end of the most recent reporting period. 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.