BayFirst Financial (NASDAQ:BAFN) Shares Down 0.8% – What’s Next?

BayFirst Financial Corp. (NASDAQ:BAFN)’s share price traded down 0.8% on Monday . The company traded as low as $13.00 and last traded at $13.30. 1,573 shares traded hands during trading, a decline of 81% from the average session volume of 8,121 shares. The stock had previously closed at $13.41.

BayFirst Financial Trading Down 0.8 %

The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $13.30 and a 200-day moving average price of $12.95. The company has a market capitalization of $54.97 million, a price-to-earnings ratio of 18.22 and a beta of 0.41.

BayFirst Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.41%. BayFirst Financial’s dividend payout ratio is currently 43.84%.

Hedge Funds Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC raised 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 36,101 shares of the company’s stock after buying an additional 2,490 shares during the period. Geode Capital Management LLC owned about 0.87% of BayFirst Financial worth $475,000 as of its most recent filing with the Securities and Exchange Commission. 16.88% of the stock is currently owned by institutional investors.

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.