US Bancorp DE Has $706,000 Stock Position in Bank First Co. (NASDAQ:BFC)

US Bancorp DE reduced its stake in shares of Bank First Co. (NASDAQ:BFC) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,121 shares of the company’s stock after selling 1,000 shares during the quarter. US Bancorp DE owned 0.07% of Bank First worth $706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BFC. State Street Corp boosted its stake in Bank First by 3.4% during the third quarter. State Street Corp now owns 238,225 shares of the company’s stock worth $21,701,000 after buying an additional 7,822 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bank First by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock valued at $20,158,000 after acquiring an additional 7,922 shares in the last quarter. Merit Financial Group LLC increased its stake 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 acquiring an additional 84,524 shares during the period. Charles Schwab Investment Management Inc. raised its position in Bank First by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock worth $6,791,000 after purchasing an additional 4,480 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Bank First by 18.1% during the third quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock worth $4,339,000 after purchasing an additional 7,336 shares during the period. 29.95% of the stock is owned by institutional investors.

Bank First Stock Performance

Shares of NASDAQ:BFC opened at $99.66 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is $100.92 and its two-hundred day moving average price is $98.18. Bank First Co. has a fifty-two week low of $74.90 and a fifty-two week high of $110.49. The stock has a market capitalization of $996.10 million, a price-to-earnings ratio of 15.33 and a beta of 0.32.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, analysts predict that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, March 26th. Bank First’s dividend payout ratio is 27.69%.

Insider Activity

In other Bank First news, Director Michael S. Stayer-Suprick bought 1,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the transaction, the director now owns 3,035 shares of the company’s stock, valued at approximately $309,782.45. The trade was a 49.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.10% 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.