Vanguard Group Inc. Grows Holdings in Bank First Co. (NASDAQ:BFC)

Vanguard Group Inc. raised its position in Bank First Co. (NASDAQ:BFC - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,341 shares of the company's stock after purchasing an additional 10,789 shares during the quarter. Vanguard Group Inc. owned about 5.18% of Bank First worth $51,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock worth $469,000 after purchasing an additional 105 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bank First by 1.4% in the 3rd 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 acquiring an additional 155 shares during the period. Avantax Advisory Services Inc. increased its holdings in Bank First by 2.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company's stock valued at $1,090,000 after purchasing an additional 313 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank First by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock worth $7,488,000 after buying an additional 693 shares during the period. Finally, SG Americas Securities LLC raised 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 period. Institutional investors and hedge funds own 29.95% of the company's stock.

Insider Activity

In other news, Director Daniel C. Mcconeghy purchased 380 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price 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 in the company, valued at $211,440. This represents a 23.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the transaction, the director now directly owns 3,035 shares of the company's stock, valued at approximately $309,782.45. The trade was a 49.14 % 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 Stock Up 0.5 %

Shares of Bank First stock traded up $0.54 during trading hours on Thursday, reaching $106.81. 7,410 shares of the company were exchanged, compared to its average volume of 20,820. The stock's fifty day moving average is $101.66 and its 200 day moving average is $100.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First Co. has a 1 year low of $74.95 and a 1 year high of $110.49. The firm has a market cap of $1.07 billion, a PE ratio of 16.39 and a beta of 0.31.

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

Bank First Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was 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.