Raymond James & Associates Invests $631,000 in Bank First Co. (NASDAQ:BFC)

Raymond James & Associates acquired a new position in shares of Bank First Co. (NASDAQ:BFC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,276 shares of the company’s stock, valued at approximately $631,000. Raymond James & Associates owned 0.07% of Bank First at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Bank First during the 3rd quarter worth about $335,000. Vanguard Group Inc. increased its position in Bank First by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after purchasing an additional 5,182 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Bank First by 167.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock worth $5,211,000 after purchasing an additional 42,240 shares in the last quarter. Swiss National Bank increased its position in Bank First by 6.6% during the 3rd quarter. Swiss National Bank now owns 19,417 shares of the company’s stock worth $1,498,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Bank First during the 3rd quarter worth approximately $57,000. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BFC. Piper Sandler lowered their price objective on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Hovde Group downgraded shares of Bank First from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th.

Bank First Stock Performance

Bank First stock opened at $78.54 on Thursday. The stock has a market cap of $796.40 million, a P/E ratio of 10.20 and a beta of 0.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $82.83 and a 200-day moving average of $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 firm also recently announced 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 currently 18.18%.

Insider Activity

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

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.