Insider Buying: Bank First Co. (NASDAQ:BFC) Director Acquires $102,070.00 in Stock

Bank First Co. (NASDAQ:BFC) Director Michael S. Stayer-Suprick acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased 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 owns 3,035 shares of the company’s stock, valued at approximately $309,782.45. This trade represents a 49.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Bank First Stock Down 0.3 %

Shares of NASDAQ BFC opened at $102.47 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.03 billion, a PE ratio of 15.76 and a beta of 0.35. The firm’s 50-day moving average is $100.55 and its 200-day moving average is $96.64. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping 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%. Equities analysts expect that Bank First Co. will post 6.9 EPS for the current year.

Bank First Announces Dividend

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. This represents a $1.80 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, March 26th. Bank First’s payout ratio is 27.69%.

Hedge Funds Weigh In On Bank First

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of Bank First in the 4th quarter valued at approximately $25,000. Sterling Capital Management LLC increased its stake in Bank First by 771.4% in the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 270 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bank First in the fourth quarter worth $189,000. Quest Partners LLC boosted its position in shares of Bank First by 212.6% during the third 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. Finally, Hanlon Investment Management Inc. bought a new position in shares of Bank First during the fourth quarter worth $218,000. Institutional investors own 29.95% of the company’s stock.

About Bank First

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.