Northern Trust Corp Boosts Stock Holdings in BayFirst Financial Corp. (NASDAQ:BAFN)

Northern Trust Corp boosted its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 70.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,408 shares of the company’s stock after purchasing an additional 7,199 shares during the quarter. Northern Trust Corp owned about 0.42% of BayFirst Financial worth $232,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC purchased a new position in BayFirst Financial in the fourth quarter worth about $133,000. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Stock Performance

NASDAQ BAFN opened at $15.12 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market cap of $62.43 million, a P/E ratio of 6.00 and a beta of 0.44. BayFirst Financial Corp. has a fifty-two week low of $11.10 and a fifty-two week high of $19.75. The business’s 50 day moving average price is $15.28 and its 200-day moving average price is $15.33.

BayFirst Financial (NASDAQ:BAFN) 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 company had revenue of $19.75 million for the quarter.

BayFirst Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, May 30th. BayFirst Financial’s payout ratio is currently 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.