Raymond James & Associates Takes Position in Bank First Co. (NASDAQ:BFC)

Raymond James & Associates acquired a new stake in shares of Bank First Co. (NASDAQ:BFC) during the fourth quarter, HoldingsChannel reports. The firm acquired 7,276 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Bank First in the 3rd quarter valued at $57,000. SG Americas Securities LLC acquired a new stake in Bank First in the 3rd quarter valued at $335,000. Avantax Advisory Services Inc. boosted its stake in Bank First by 1.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 10,887 shares of the company’s stock valued at $840,000 after buying an additional 200 shares in the last quarter. Swiss National Bank boosted its stake in Bank First by 6.6% in the 3rd quarter. Swiss National Bank now owns 19,417 shares of the company’s stock valued at $1,498,000 after buying an additional 1,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Bank First by 167.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock valued at $5,211,000 after buying an additional 42,240 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BFC. Piper Sandler reduced their price objective on Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Hovde Group lowered Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th.

Bank First Price Performance

Bank First stock opened at $78.54 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $796.40 million, a P/E ratio of 10.20 and a beta of 0.27. The business’s fifty day moving average is $82.83 and its two-hundred day moving average is $83.44. Bank First Co. has a 52 week low of $65.00 and a 52 week high of $92.50.

Bank First Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, June 25th. Bank First’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In other news, Director Phillip R. Maples purchased 650 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, with a total value of $53,118.00. Following the completion of the purchase, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Mary Kay Bourbulas acquired 600 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the completion of the acquisition, the director now owns 7,003 shares of the company’s stock, valued at approximately $580,408.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip R. Maples acquired 650 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average price of $81.72 per share, with a total value of $53,118.00. Following the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The disclosure for this purchase can be found here. 5.73% of the stock is currently owned by insiders.

About Bank First

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.