BayFirst Financial (NASDAQ:BAFN) Trading Down 0.5% – Should You Sell?

BayFirst Financial Corp. (NASDAQ:BAFN)’s stock price fell 0.5% during trading on Thursday . The company traded as low as $14.26 and last traded at $14.26. 3,605 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 7,880 shares. The stock had previously closed at $14.33.

BayFirst Financial Stock Down 0.5%

The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $14.93 and a 200 day moving average of $15.64. The firm has a market capitalization of $58.89 million, a price-to-earnings ratio of 6.37 and a beta of 0.41.

BayFirst Financial (NASDAQ:BAFN) last announced its earnings results on Thursday, April 24th. The company reported ($0.17) EPS for the quarter. BayFirst Financial had a return on equity of 12.68% and a net margin of 8.22%. The firm had revenue of $19.75 million for the quarter.

BayFirst Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, May 30th. BayFirst Financial’s dividend payout ratio is presently 14.29%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of BayFirst Financial in the first quarter valued at approximately $93,000. Renaissance Technologies LLC bought a new stake in BayFirst Financial in the 4th quarter valued at $133,000. Finally, Northern Trust Corp lifted its position in BayFirst Financial by 70.5% during the 4th quarter. Northern Trust Corp now owns 17,408 shares of the company’s stock worth $232,000 after buying an additional 7,199 shares in the last quarter. Institutional investors and hedge funds own 16.88% of the company’s stock.

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.