Bank First Co. (NASDAQ:BFC) Director Buys $40,173.60 in Stock

Bank First Co. (NASDAQ:BFC - Get Free Report) Director Daniel C. Mcconeghy acquired 380 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased 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 owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bank First Price Performance

Shares of Bank First stock traded down $2.70 on Friday, hitting $100.53. 69,235 shares of the company were exchanged, compared to its average volume of 19,359. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 15.47 and a beta of 0.32. The company has a 50-day moving average price of $101.64 and a 200 day moving average price of $98.64. Bank First Co. has a 1-year low of $74.90 and a 1-year high of $110.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, sell-side analysts predict that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Remove Ads

Bank First Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, March 26th. Bank First's dividend payout ratio is currently 27.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BFC. Lazard Asset Management LLC acquired a new position in Bank First in the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC lifted its holdings in Bank First by 771.4% in the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Bank First in the fourth quarter valued at approximately $189,000. Quest Partners LLC lifted its holdings in 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 acquiring an additional 1,399 shares during the last quarter. Finally, Hanlon Investment Management Inc. acquired a new position in Bank First in the fourth quarter valued at approximately $218,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

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.