State of New Jersey Common Pension Fund D Has $1.67 Million Position in Bank First Co. (NASDAQ:BFC)

State of New Jersey Common Pension Fund D grew its holdings in Bank First Co. (NASDAQ:BFC) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,318 shares of the company’s stock after buying an additional 3,399 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Bank First were worth $1,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFC. Quantbot Technologies LP bought a new position in Bank First in the 3rd quarter valued at $57,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Bank First during the fourth quarter valued at $208,000. Arizona State Retirement System bought a new position in Bank First in the fourth quarter valued at about $214,000. SG Americas Securities LLC bought a new stake in Bank First during the 3rd quarter worth about $335,000. Finally, Raymond James & Associates acquired a new position in Bank First during the 4th quarter valued at about $631,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First Trading Up 2.4 %

NASDAQ:BFC opened at $79.01 on Thursday. The firm has a market capitalization of $799.58 million, a price-to-earnings ratio of 10.26 and a beta of 0.27. Bank First Co. has a 1-year low of $65.00 and a 1-year high of $92.50. The business’s 50-day moving average price is $82.14 and its two-hundred day moving average price is $83.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Bank First Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, June 25th. Bank First’s payout ratio is 18.18%.

Insider Activity at Bank First

In other news, Director Mary Kay Bourbulas acquired 600 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the transaction, the director now directly owns 7,003 shares in the company, valued at $580,408.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Bank First news, Director Mary Kay Bourbulas bought 600 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $82.88 per share, with a total value of $49,728.00. Following the completion of the purchase, the director now owns 7,003 shares in the company, valued at $580,408.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Phillip R. Maples purchased 650 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $81.72 per share, with a total value of $53,118.00. Following the completion of the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at $162,050.76. The disclosure for this purchase can be found here. Corporate insiders own 5.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Hovde Group lowered shares of Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th.

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.