Geode Capital Management LLC Buys 2,490 Shares of BayFirst Financial Corp. (NASDAQ:BAFN)

Geode Capital Management LLC increased its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,101 shares of the company’s stock after purchasing an additional 2,490 shares during the period. Geode Capital Management LLC’s holdings in BayFirst Financial were worth $475,000 at the end of the most recent reporting period.

BayFirst Financial Stock Down 3.7 %

NASDAQ:BAFN opened at $12.90 on Monday. 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 firm has a market cap of $53.32 million, a P/E ratio of 17.67 and a beta of 0.40. BayFirst Financial Corp. has a fifty-two week low of $10.40 and a fifty-two week high of $15.05. The firm has a 50-day simple moving average of $13.33 and a two-hundred day simple moving average of $13.15.

BayFirst Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued 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 yield of 2.48%. BayFirst Financial’s payout ratio is currently 43.84%.

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.