Raymond James Financial Inc. Takes Position in Bank First Co. (NASDAQ:BFC)

Raymond James Financial Inc. acquired a new stake in shares of Bank First Co. (NASDAQ:BFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,900 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 worth $1,037,000 after acquiring an additional 155 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bank First by 0.9% in 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 during the period. SG Americas Securities LLC raised its stake in Bank First by 20.1% during 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. Bank of New York Mellon Corp lifted its holdings in shares of Bank First by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company’s stock valued at $3,961,000 after buying an additional 1,337 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of Bank First in the 4th quarter worth $349,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Insiders Place Their Bets

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

Bank First Stock Performance

Shares of BFC opened at $99.34 on Friday. The firm has a market capitalization of $992.90 million, a P/E ratio of 15.28 and a beta of 0.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. Bank First Co. has a one year low of $74.90 and a one year high of $110.49. The business has a fifty day moving average of $101.74 and a 200 day moving average of $99.71.

Bank First (NASDAQ:BFC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, sell-side analysts anticipate that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, March 26th. Bank First’s payout ratio is 27.69%.

Bank First Company Profile

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.