Heck Capital Advisors LLC Makes New Investment in Bank First Co. (NASDAQ:BFC)

Heck Capital Advisors LLC purchased a new stake in shares of Bank First Co. (NASDAQ:BFC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,525 shares of the company's stock, valued at approximately $349,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Bank First by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 4,438 shares of the company's stock valued at $440,000 after purchasing an additional 742 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. acquired a new position in Bank First in the fourth quarter valued at about $1,031,000. Bank of New York Mellon Corp increased its stake in 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. Charles Schwab Investment Management Inc. grew its position in shares of Bank First by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock valued at $7,488,000 after purchasing an additional 693 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Bank First in the 4th quarter worth $287,000. Institutional investors own 29.95% of the company's stock.

Insiders Place Their Bets

In related news, Director Daniel C. Mcconeghy purchased 380 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $211,440. This trade represents a 23.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.42% of the company's stock.

Bank First Price Performance

NASDAQ:BFC traded up $1.15 during mid-day trading on Friday, reaching $116.95. The stock had a trading volume of 72,868 shares, compared to its average volume of 23,221. The stock has a 50-day simple moving average of $108.73 and a two-hundred day simple moving average of $104.44. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $119.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.16 billion, a PE ratio of 17.99 and a beta of 0.42.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.20. The firm had revenue of $43.10 million during 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%. On average, equities analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $3.50 dividend. This is a positive change from Bank First's previous dividend of $0.20. The ex-dividend date was Friday, May 9th. Bank First's dividend payout ratio is presently 26.43%.

Analyst Ratings Changes

BFC has been the subject of several analyst reports. Piper Sandler raised their target price on shares of Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Hovde Group upgraded Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Tuesday, May 6th.

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.