Bank First Co. (NASDAQ:BFC) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Bank First Co. (NASDAQ:BFC) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,731 shares of the company’s stock after purchasing an additional 105 shares during the period. Commonwealth Equity Services LLC’s holdings in Bank First were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BFC. Stifel Financial Corp lifted its position 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 purchasing an additional 7,336 shares in the last quarter. State Street Corp lifted its holdings in 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 buying an additional 7,822 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Bank First by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock valued at $2,165,000 after buying an additional 13,502 shares during the last quarter. Geode Capital Management LLC boosted its position in Bank First by 3.7% in the 3rd 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 last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Bank First by 88.7% during 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 in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael S. Stayer-Suprick purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now owns 3,035 shares in the company, valued at approximately $309,782.45. The trade was a 49.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Mcconeghy acquired 380 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $105.72 per share, with a total value of $40,173.60. Following the acquisition, 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 disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.

Bank First Trading Up 0.6 %

NASDAQ:BFC opened at $96.60 on Friday. The stock has a market cap of $965.52 million, a price-to-earnings ratio of 14.86 and a beta of 0.31. Bank First Co. has a one year low of $74.90 and a one year high of $110.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $102.02 and its 200 day simple moving average is $99.46.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share (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%. As a group, sell-side analysts predict that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a yield of 1.86%. Bank First’s dividend payout ratio (DPR) is 27.69%.

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.