BayFirst Financial (NASDAQ:BAFN) Trading Down 0.8% – Should You Sell?

BayFirst Financial Corp. (NASDAQ:BAFN) was down 0.8% on Monday . The company traded as low as $13.00 and last traded at $13.30. Approximately 1,573 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,121 shares. The stock had previously closed at $13.41.

BayFirst Financial Trading Up 0.3 %

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 $55.13 million, a PE ratio of 18.27 and a beta of 0.41. The firm has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $12.98.

BayFirst Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 2.40%. BayFirst Financial’s payout ratio is presently 43.84%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC grew its position in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,101 shares of the company’s stock after purchasing 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. 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.