Bank First Co. (NASDAQ:BFC) Director Daniel C. Mcconeghy Acquires 380 Shares

Bank First Co. (NASDAQ:BFC) Director Daniel C. Mcconeghy purchased 380 shares of Bank First 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 in the company, valued at $211,440. This represents a 23.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bank First Trading Down 0.6 %

Shares of NASDAQ BFC opened at $103.23 on Friday. Bank First Co. has a 1-year low of $74.90 and a 1-year high of $110.49. The company has a 50-day moving average of $101.51 and a two-hundred day moving average of $98.55. The company has a market cap of $1.03 billion, a PE ratio of 15.88 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 (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, March 26th. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Hedge Funds Weigh In On Bank First

Several hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Bank First by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock worth $4,339,000 after acquiring an additional 7,336 shares during the period. State Street Corp boosted its position in shares of Bank First by 3.4% in the 3rd quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after purchasing an additional 7,822 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bank First by 130.3% during the third quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock worth $2,165,000 after purchasing an additional 13,502 shares during the period. Merit Financial Group LLC increased its holdings in Bank First by 88.7% in the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock valued at $17,818,000 after purchasing an additional 84,524 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Bank First by 3.7% in the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock valued at $20,158,000 after buying an additional 7,922 shares during the period. 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.