BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,300 shares, a growth of 26.0% from the August 15th total of 5,000 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On BayFirst Financial

Several large investors have recently made changes to their positions in BAFN. BlackRock Inc. increased its stake in BayFirst Financial by 1.4% during the 3rd quarter. BlackRock Inc. now owns 47,120 shares of the company’s stock worth $780,000 after buying an additional 658 shares during the period. UBS Group AG grew its stake in BayFirst Financial by 200.0% during the 4th quarter. UBS Group AG now owns 1,644 shares of the company’s stock valued at $27,000 after purchasing an additional 1,096 shares in the last quarter. Avantax Planning Partners Inc. grew its position in shares of BayFirst Financial by 47.2% during the first quarter. Avantax Planning Partners Inc. now owns 56,113 shares of the company’s stock worth $871,000 after buying an additional 18,001 shares in the last quarter. First Manhattan Co. raised its holdings in BayFirst Financial by 1,275.9% in the first quarter. First Manhattan Co. now owns 133,287 shares of the company’s stock valued at $3,072,000 after acquiring an additional 123,600 shares in the last quarter. Finally, Vanguard Group Inc. acquired a new position in BayFirst Financial during the 1st quarter worth $3,428,000. Institutional investors and hedge funds own 16.80% of the company’s stock.

BayFirst Financial Stock Down 2.2 %

NASDAQ:BAFN traded down $0.30 during trading hours on Monday, hitting $13.20. The company’s stock had a trading volume of 2,355 shares, compared to its average volume of 3,162. The stock has a fifty day moving average of $13.71 and a 200-day moving average of $14.51. The stock has a market capitalization of $54.12 million, a P/E ratio of 38.82 and a beta of 0.20. BayFirst Financial has a 52-week low of $12.44 and a 52-week high of $21.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.47.

BayFirst Financial (NASDAQ:BAFN) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter. BayFirst Financial had a net margin of 2.16% and a return on equity of 9.16%. The company had revenue of $21.05 million for the quarter.

BayFirst Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, August 31st. BayFirst Financial’s dividend payout ratio is currently 94.12%.

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.