Geode Capital Management LLC Increases Stake in BayFirst Financial Corp. (NASDAQ:BAFN)

Geode Capital Management LLC increased its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.87% of BayFirst Financial worth $475,000 at the end of the most recent reporting period.

BayFirst Financial Stock Down 3.7 %

BAFN stock opened at $12.90 on Monday. BayFirst Financial Corp. has a fifty-two week low of $10.40 and a fifty-two week high of $15.05. The company has a market capitalization of $53.32 million, a price-to-earnings ratio of 17.67 and a beta of 0.40. The business’s 50 day moving average price is $13.33 and its two-hundred day moving average price is $13.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98.

BayFirst Financial Dividend Announcement

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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, November 29th. BayFirst Financial’s dividend payout ratio is currently 43.84%.

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.