Corebridge Financial Inc. Has $478,000 Stake in Bank First Co. (NASDAQ:BFC)

Corebridge Financial Inc. cut its holdings in shares of Bank First Co. (NASDAQ:BFC) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,820 shares of the company’s stock after selling 421 shares during the quarter. Corebridge Financial Inc.’s holdings in Bank First were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in shares of Bank First by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock valued at $469,000 after acquiring an additional 105 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Bank First by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock valued at $1,037,000 after purchasing an additional 155 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Bank First by 2.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company’s stock worth $1,090,000 after purchasing an additional 313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank First by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company’s stock worth $7,488,000 after purchasing an additional 693 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Bank First by 20.1% in the 4th quarter. SG Americas Securities LLC now owns 4,438 shares of the company’s stock valued at $440,000 after buying an additional 742 shares during the last quarter. 29.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Bank First

In related news, Director Michael S. Stayer-Suprick acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the acquisition, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. This trade represents a 49.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Mcconeghy acquired 380 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $211,440. This trade represents a 23.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.

Bank First Price Performance

NASDAQ:BFC opened at $98.22 on Wednesday. The stock has a market capitalization of $981.71 million, a PE ratio of 15.11 and a beta of 0.31. Bank First Co. has a 1-year low of $74.90 and a 1-year high of $110.49. The firm has a fifty day simple moving average of $101.75 and a 200 day simple moving average of $99.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, research analysts expect that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, March 26th. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

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.