Raymond James Financial Inc. Takes $287,000 Position in Bank First Co. (NASDAQ:BFC)

Raymond James Financial Inc. bought a new position in shares of Bank First Co. (NASDAQ:BFC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,900 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in Bank First in the 4th quarter valued at about $349,000. SG Americas Securities LLC grew its stake in shares of Bank First by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 4,438 shares of the company's stock worth $440,000 after purchasing an additional 742 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Bank First in the 4th quarter valued at about $1,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Bank First by 1.4% during 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 purchasing an additional 155 shares in the last quarter. Finally, Barclays PLC boosted its stake in Bank First by 339.9% in the third quarter. Barclays PLC now owns 15,635 shares of the company's stock valued at $1,417,000 after acquiring an additional 12,081 shares in the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

Bank First Stock Performance

NASDAQ:BFC traded up $0.84 during mid-day trading on Wednesday, reaching $102.81. 2,232 shares of the stock were exchanged, compared to its average volume of 20,388. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.03 billion, a P/E ratio of 15.89 and a beta of 0.31. The company has a 50 day simple moving average of $101.57 and a 200-day simple moving average of $99.96. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49.

Bank First (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.20. The firm had revenue of $43.10 million for the quarter, compared to analyst estimates of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. Analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. Bank First's dividend payout ratio (DPR) is presently 27.69%.

Insiders Place Their Bets

In other Bank First news, Director Michael S. Stayer-Suprick purchased 1,000 shares of Bank First stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $102.07 per share, with a total value of $102,070.00. Following the purchase, the director now directly owns 3,035 shares in the company, valued at $309,782.45. This trade represents a 49.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel C. Mcconeghy bought 380 shares of the firm's stock in a transaction that occurred on 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. The trade was a 23.46 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.

Bank First 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.