Teacher Retirement System of Texas Has $862,000 Stake in Bank First Co. (NASDAQ:BFC)

Teacher Retirement System of Texas cut its holdings in shares of Bank First Co. (NASDAQ:BFC) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,701 shares of the company’s stock after selling 1,676 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Bank First worth $862,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp boosted its position 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 purchasing an additional 7,822 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $20,158,000 after buying an additional 7,922 shares during the period. Merit Financial Group LLC grew its stake in Bank First by 88.7% in the 4th quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock valued at $17,818,000 after buying an additional 84,524 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bank First by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company’s stock worth $7,488,000 after acquiring an additional 693 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of 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 acquiring an additional 7,336 shares during the period. Institutional investors own 29.95% of the company’s stock.

Bank First Price Performance

Bank First stock opened at $101.16 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.56 and a beta of 0.32. The stock’s 50 day moving average is $102.12 and its 200-day moving average is $99.14. 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 12 month low of $74.90 and a 12 month high of $110.49.

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 return on equity of 10.53% and a net margin of 29.00%. Equities research analysts expect that Bank First Co. will post 6.9 EPS for the current year.

Bank First Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given 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 1.78%. Bank First’s payout ratio is presently 27.69%.

Insiders Place Their Bets

In related news, Director Daniel C. Mcconeghy purchased 380 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $105.72 per share, with a total value of $40,173.60. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $211,440. This trade represents a 23.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares of the company’s stock, valued at $309,782.45. This trade represents a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.