Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 2,794 Bank First Co. (NASDAQ:BFC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bank First Co. (NASDAQ:BFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,794 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also modified their holdings of the stock. Quest Partners LLC grew its position in Bank First by 212.6% in the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after buying an additional 1,399 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bank First in the 4th quarter worth $287,000. PDT Partners LLC purchased a new stake in shares of Bank First in the third quarter valued at about $306,000. Heck Capital Advisors LLC acquired a new position in shares of Bank First during the fourth quarter worth about $349,000. Finally, SG Americas Securities LLC raised its holdings in Bank First by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 4,438 shares of the company’s stock worth $440,000 after purchasing an additional 742 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Price Performance

Shares of NASDAQ:BFC opened at $100.53 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $101.64 and a 200 day moving average price of $98.70. Bank First Co. has a 52 week low of $74.90 and a 52 week high of $110.49. The company has a market cap of $1.00 billion, a P/E ratio of 15.47 and a beta of 0.32.

Bank First (NASDAQ:BFC) last posted its quarterly 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 return on equity of 10.53% and a net margin of 29.00%. Research analysts predict that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Announces Dividend

The business 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. The ex-dividend date is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. Bank First’s dividend payout ratio (DPR) is presently 27.69%.

Insider Activity

In other news, Director Daniel C. Mcconeghy purchased 380 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the transaction, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.10% 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.