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

BayFirst Financial Corp. (NASDAQ:BAFN - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,000 shares, a growth of 37.9% from the April 30th total of 2,900 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company's stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its stake 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 in the last quarter. Renaissance Technologies LLC purchased a new position in BayFirst Financial in the 4th quarter valued at approximately $133,000. Finally, FNY Investment Advisers LLC purchased a new position in BayFirst Financial in the 1st quarter valued at approximately $93,000. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

BayFirst Financial Stock Up 2.5%

Shares of BAFN traded up $0.37 on Thursday, reaching $15.41. The company's stock had a trading volume of 2,811 shares, compared to its average volume of 7,604. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. BayFirst Financial has a twelve month low of $11.10 and a twelve month high of $19.75. The stock has a market capitalization of $63.63 million, a PE ratio of 6.12 and a beta of 0.44. The firm has a fifty day moving average of $15.12 and a 200-day moving average of $15.35.

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

BayFirst Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, May 30th. BayFirst Financial's dividend payout ratio is currently 14.29%.

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.