Bank First Co. (NASDAQ:BFC) Director Phillip R. Maples Purchases 650 Shares

Bank First Co. (NASDAQ:BFCGet Free Report) Director Phillip R. Maples bought 650 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $81.72 per share, for a total transaction of $53,118.00. Following the acquisition, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bank First Price Performance

Shares of NASDAQ BFC opened at $83.16 on Friday. Bank First Co. has a fifty-two week low of $65.00 and a fifty-two week high of $92.50. The company has a 50 day simple moving average of $86.23 and a two-hundred day simple moving average of $82.62. The company has a market capitalization of $862.04 million, a price-to-earnings ratio of 11.42 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98.

Bank First (NASDAQ:BFCGet Free Report) last announced its earnings results on Tuesday, January 16th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. Bank First had a net margin of 31.03% and a return on equity of 10.38%. The business had revenue of $75.37 million during the quarter. Analysts expect that Bank First Co. will post 5.9 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be issued a dividend of $0.35 per share. This is a boost from Bank First’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.68%. Bank First’s dividend payout ratio is presently 19.23%.

Institutional Investors Weigh In On Bank First

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Bank First by 26.8% in the third quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock worth $52,000 after purchasing an additional 143 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Bank First by 24.6% in the second quarter. Ameritas Investment Partners Inc. now owns 771 shares of the company’s stock worth $64,000 after purchasing an additional 152 shares during the last quarter. Credit Suisse AG boosted its holdings in Bank First by 1.9% in the first quarter. Credit Suisse AG now owns 9,965 shares of the company’s stock worth $733,000 after purchasing an additional 186 shares during the last quarter. Amalgamated Bank boosted its holdings in Bank First by 23.3% in the fourth quarter. Amalgamated Bank now owns 1,016 shares of the company’s stock worth $94,000 after purchasing an additional 192 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Bank First by 1.9% in the third quarter. Avantax Advisory Services Inc. now owns 10,887 shares of the company’s stock worth $840,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 27.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BFC shares. Piper Sandler raised their target price on shares of Bank First from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Hovde Group upgraded shares of Bank First from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $88.00 to $100.00 in a report on Wednesday, December 20th.

Check Out Our Latest Report on BFC

About Bank First

(Get Free Report)

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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.

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