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

BayFirst Financial Corp. (NASDAQ:BAFN) experienced a notable reduction in short interest during December. As of December 15th, the total short interest stood at 8,600 shares, reflecting a significant drop of 41.5% from the 14,700 shares reported on November 30th. Given the average daily trading volume of 6,600 shares, the current short-interest ratio is approximately 1.3 days. This indicates that around 0.3% of the stock's shares are currently sold short.

BayFirst Financial Trading Performance

On Friday, shares of BayFirst Financial traded up by 1.4%, rising by $0.18 to reach $13.49. A total of 2,872 shares changed hands, compared to an average volume of 8,036 shares. The company holds a market capitalization of $55.75 million and has a price-to-earnings (P/E) ratio of 18.48, alongside a beta of 0.41. The stock has a 50-day moving average of $13.29 and a 200-day moving average of $12.98. The debt-to-equity ratio rests at 0.21, while the current ratio is 0.98 and the quick ratio is 0.91. BayFirst Financial's shares have seen a 12-month low of $10.40 and a high of $15.05.

Dividend Information

The company has also announced a quarterly dividend, which was paid on December 15th. Shareholders who were on record by December 1st received a dividend of $0.08 per share. This dividend equates to an annualized total of $0.32, yielding 2.37%. The ex-dividend date for this payment was November 29th, and BayFirst Financial maintains a payout ratio of 43.84%.

Institutional Investor Activity

Geode Capital Management LLC recently increased its investment in BayFirst Financial. The hedge fund raised its stake by 7.4% during the third quarter, now holding 36,101 shares after acquiring an additional 2,490 shares. As reported in its latest filing with the Securities and Exchange Commission, Geode Capital Management LLC owns approximately 0.87% of BayFirst Financial, which is valued at about $475,000. Overall, institutional investors hold approximately 16.88% of BayFirst Financial's stock.

About BayFirst Financial

BayFirst Financial Corp. serves as the bank holding company for BayFirst National Bank, which offers community banking services tailored for businesses and individuals. The bank provides a range of financial products including checking, savings, and NOW accounts, as well as money market deposit accounts, certificates of deposit, and individual retirement accounts, along with safety deposit box services.

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