PNC Financial Services Group Inc. lessened its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 59.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,221 shares of the company's stock after selling 4,811 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Bank First were worth $319,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of Bank First by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company's stock worth $4,339,000 after buying an additional 7,336 shares during the period. State Street Corp lifted its position in Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company's stock worth $21,701,000 after acquiring an additional 7,822 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bank First by 130.3% during the third quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company's stock worth $2,165,000 after acquiring an additional 13,502 shares during the period. Merit Financial Group LLC grew its position in shares of Bank First by 88.7% in the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company's stock valued at $17,818,000 after purchasing an additional 84,524 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Bank First by 3.7% during the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company's stock worth $20,158,000 after purchasing an additional 7,922 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.
Bank First Stock Performance
NASDAQ:BFC traded down $0.52 during mid-day trading on Tuesday, hitting $102.67. 13,136 shares of the stock were exchanged, compared to its average volume of 19,343. The firm's 50-day simple moving average is $101.79 and its 200 day simple moving average is $98.81. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.80 and a beta of 0.32. Bank First Co. has a fifty-two week low of $74.90 and a fifty-two week high of $110.49. 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 (NASDAQ:BFC - Get Free Report) last posted its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that Bank First Co. will post 6.9 EPS for the current fiscal year.
Bank First Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. Bank First's payout ratio is presently 27.69%.
Insider Transactions at Bank First
In other news, Director Michael S. Stayer-Suprick acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $102.07 per share, with a total value 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 $309,782.45. This trade represents a 49.14 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel C. Mcconeghy acquired 380 shares of Bank First stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $211,440. This represents a 23.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.10% of the company's stock.
Bank First Profile
(
Free Report)
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.
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