Avantax Advisory Services Inc. Increases Stake in Bank First Co. (NASDAQ:BFC)

Avantax Advisory Services Inc. grew its holdings in shares of Bank First Co. (NASDAQ:BFC) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,998 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Bank First were worth $1,090,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 acquiring an additional 155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Bank First by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 4,438 shares of the company’s stock worth $440,000 after purchasing an additional 742 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Bank First by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company’s stock valued at $3,961,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Bank First by 212.6% in the third quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after purchasing an additional 1,399 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Insider Activity

In related news, Director Daniel C. Mcconeghy bought 380 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $105.72 per share, with a total value of $40,173.60. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of Bank First stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.

Bank First Stock Performance

Shares of Bank First stock opened at $103.84 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $101.37 and its 200 day moving average price is $98.51. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 15.98 and a beta of 0.32. Bank First Co. has a one year low of $74.90 and a one year high of $110.49.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate 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 predict that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 1.73%. Bank First’s dividend payout ratio (DPR) 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.