Insider Buying: Bank First Co. (NASDAQ:BFC) Director Buys 380 Shares of Stock

Bank First Co. (NASDAQ:BFC) Director Daniel C. Mcconeghy purchased 380 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now directly owns 2,000 shares in the company, valued at $211,440. The trade was a 23.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bank First Stock Performance

Shares of NASDAQ:BFC opened at $100.53 on Friday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 15.47 and a beta of 0.32. Bank First Co. has a 12 month low of $74.90 and a 12 month high of $110.49. The firm’s 50-day moving average is $101.64 and its 200 day moving average is $98.59. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last issued 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 net margin of 29.00% and a return on equity of 10.53%. Research analysts predict that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

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

Hedge Funds Weigh In On Bank First

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in Bank First in the 4th quarter worth about $25,000. Sterling Capital Management LLC grew its stake in Bank First by 771.4% in the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 270 shares in the last quarter. Quest Partners LLC grew its stake in Bank First by 212.6% in the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock worth $187,000 after acquiring an additional 1,399 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Bank First in the 4th quarter worth about $189,000. Finally, Hanlon Investment Management Inc. bought a new position in Bank First in the 4th quarter worth about $218,000. 29.95% of the stock is currently owned by institutional investors.

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.