BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Down 9.7% in November

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 14,900 shares, a decrease of 9.7% from the October 31st total of 16,500 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 2.1 days.

BayFirst Financial Stock Up 0.6 %

Shares of NASDAQ BAFN traded up $0.08 during mid-day trading on Monday, reaching $13.25. The company had a trading volume of 326 shares, compared to its average volume of 8,170. BayFirst Financial has a twelve month low of $10.40 and a twelve month high of $15.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market capitalization of $54.72 million, a PE ratio of 18.15 and a beta of 0.42. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $12.80.

BayFirst Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, November 29th. BayFirst Financial’s payout ratio is 43.84%.

Hedge Funds Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC boosted its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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. Hedge funds and other institutional investors own 16.88% of the company’s stock.

About BayFirst Financial

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.