Insider Buying: Bank First Co. (NASDAQ:BFC) Director Purchases 1,000 Shares of Stock

Bank First Co. (NASDAQ:BFC) Director Michael S. Stayer-Suprick bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bank First Stock Up 0.3 %

Shares of NASDAQ:BFC traded up $0.31 during midday trading on Wednesday, hitting $103.15. 10,828 shares of the stock were exchanged, compared to its average volume of 15,863. The company has a market capitalization of $1.03 billion, a PE ratio of 15.87 and a beta of 0.35. Bank First Co. has a 52-week low of $74.90 and a 52-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. The business’s fifty day simple moving average is $100.83 and its two-hundred day simple moving average is $96.42.

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

Bank First Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 annualized dividend and a yield of 1.75%. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Institutional Investors Weigh In On Bank First

Several hedge funds and other institutional investors have recently made changes to their positions in BFC. Merit Financial Group LLC boosted its holdings in Bank First by 88.7% in the 4th 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 period. JPMorgan Chase & Co. increased its holdings in Bank First by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 48,500 shares of the company’s stock valued at $4,806,000 after buying an additional 24,635 shares during the period. American Century Companies Inc. raised its stake in shares of Bank First by 42.4% in the 4th quarter. American Century Companies Inc. now owns 63,294 shares of the company’s stock valued at $6,272,000 after buying an additional 18,861 shares in the last quarter. Barclays PLC raised its stake in shares of Bank First by 339.9% in the 3rd quarter. Barclays PLC now owns 15,635 shares of the company’s stock valued at $1,417,000 after buying an additional 12,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bank First by 57.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,247 shares of the company’s stock worth $2,997,000 after acquiring an additional 11,096 shares during the period. 29.95% of the stock is 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.