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

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

Bank First Stock Performance

NASDAQ:BFC traded up $2.27 during trading hours on Wednesday, reaching $103.84. The company had a trading volume of 30,533 shares, compared to its average volume of 19,074. The firm’s 50 day moving average price is $101.23 and its 200-day moving average price is $98.47. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 15.98 and a beta of 0.32. 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 Co. has a 52 week low of $74.90 and a 52 week high of $110.49.

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

Bank First Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Wednesday, March 26th. Bank First’s payout ratio is 27.69%.

Institutional Trading of Bank First

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in shares of Bank First during the 4th quarter worth $25,000. Sterling Capital Management LLC raised its holdings 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 during the period. KLP Kapitalforvaltning AS purchased a new position in Bank First during the fourth quarter valued at $189,000. Quest Partners LLC grew its holdings in Bank First by 212.6% during the third quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after purchasing an additional 1,399 shares during the period. Finally, Hanlon Investment Management Inc. purchased a new stake in Bank First in the fourth 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.