BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 20.5% in September

BayFirst Financial Corp. (NASDAQ:BAFN) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 10,000 shares, a growth of 20.5% from the August 31st total of 8,300 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 1.5 days.

BayFirst Financial Price Performance

Shares of NASDAQ BAFN remained flat at $13.50 during mid-day trading on Monday. The stock had a trading volume of 100 shares, compared to its average volume of 8,633. BayFirst Financial has a twelve month low of $8.88 and a twelve month high of $14.50. The firm has a market cap of $55.82 million, a PE ratio of 11.95 and a beta of 0.44. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average is $13.26 and its 200 day moving average is $12.65.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter. BayFirst Financial had a return on equity of 6.38% and a net margin of 4.01%. The firm had revenue of $20.84 million for the quarter.

BayFirst Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, August 30th. BayFirst Financial’s dividend payout ratio is 28.32%.

Institutional Trading of BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Kennedy Capital Management LLC boosted its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 28.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,425 shares of the company’s stock after buying an additional 7,774 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.86% of BayFirst Financial worth $459,000 at the end of the most recent quarter. 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.