Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Drops By 50.8%

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,100 shares, a decrease of 50.8% from the March 31st total of 6,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BayFirst Financial

Several institutional investors have recently added to or reduced their stakes in BAFN. Renaissance Technologies LLC purchased a new position in shares of BayFirst Financial in the 4th quarter valued at approximately $133,000. Northern Trust Corp grew its position in BayFirst Financial by 70.5% in the 4th quarter. Northern Trust Corp now owns 17,408 shares of the company’s stock valued at $232,000 after buying an additional 7,199 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in BayFirst Financial in the 1st quarter valued at $93,000. Finally, Geode Capital Management LLC raised its position in BayFirst Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 36,101 shares of the company’s stock worth $475,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Trading Down 0.3 %

BAFN opened at $14.60 on Tuesday. 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 52 week low of $10.40 and a 52 week high of $19.75. The business’s 50 day moving average is $16.84 and its two-hundred day moving average is $14.98. The firm has a market cap of $60.28 million, a price-to-earnings ratio of 5.79 and a beta of 0.43.

BayFirst Financial (NASDAQ:BAFN) last announced its earnings results on Thursday, April 24th. The company reported ($0.17) EPS for the quarter. The business had revenue of $19.75 million during the quarter. BayFirst Financial had a net margin of 8.80% and a return on equity of 14.81%.

BayFirst Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.19%. BayFirst Financial’s dividend payout ratio (DPR) is 14.29%.

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.