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

Bank First Co. (NASDAQ:BFC) Director Daniel C. Mcconeghy acquired 380 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $105.72 per share, with a total value of $40,173.60. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $211,440. This trade represents a 23.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bank First Stock Down 2.6 %

BFC opened at $100.53 on Friday. 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 Co. has a fifty-two week low of $74.90 and a fifty-two week high of $110.49. The firm’s fifty day moving average is $101.64 and its 200 day moving average is $98.59. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 15.47 and a beta of 0.32.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, sell-side analysts forecast that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

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

Institutional Trading of Bank First

Several hedge funds have recently bought and sold shares of BFC. Lazard Asset Management LLC purchased a new stake in Bank First in the 4th quarter worth $25,000. Sterling Capital Management LLC lifted 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 purchasing an additional 270 shares in the last quarter. Quest Partners LLC lifted 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 purchasing an additional 1,399 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Bank First in the 4th quarter worth $189,000. Finally, Hanlon Investment Management Inc. purchased a new stake in Bank First in the 4th quarter worth $218,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.