Arizona State Retirement System Takes $214,000 Position in Bank First Co. (NASDAQ:BFC)

Arizona State Retirement System bought a new stake in Bank First Co. (NASDAQ:BFC) during the 4th quarter, Holdings Channel reports. The fund bought 2,469 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Bank First in the 4th quarter valued at approximately $208,000. Raymond James & Associates acquired a new stake in shares of Bank First in the 4th quarter valued at approximately $631,000. SG Americas Securities LLC raised its position in shares of Bank First by 21.3% in the 4th quarter. SG Americas Securities LLC now owns 5,275 shares of the company’s stock valued at $457,000 after acquiring an additional 928 shares during the period. Vanguard Group Inc. raised its holdings in Bank First by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after buying an additional 5,182 shares during the period. Finally, Deutsche Bank AG raised its holdings in Bank First by 21.4% during the 3rd quarter. Deutsche Bank AG now owns 4,502 shares of the company’s stock worth $347,000 after buying an additional 793 shares during the period. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bank First

In other Bank First news, Director Phillip R. Maples purchased 650 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $81.72 per share, with a total value of $53,118.00. Following the purchase, the director now directly owns 1,983 shares of the company’s stock, valued at $162,050.76. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Bank First news, Director Mary Kay Bourbulas purchased 600 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $82.88 per share, with a total value of $49,728.00. Following the purchase, the director now directly owns 7,003 shares of the company’s stock, valued at $580,408.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Phillip R. Maples bought 650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $81.72 per share, with a total value of $53,118.00. Following the completion of the purchase, the director now directly owns 1,983 shares of the company’s stock, valued at approximately $162,050.76. The disclosure for this purchase can be found here. Company insiders own 5.73% of the company’s stock.

Bank First Stock Performance

Shares of BFC stock opened at $78.50 on Monday. The company has a market capitalization of $796.15 million, a P/E ratio of 10.19 and a beta of 0.27. Bank First Co. has a 52 week low of $65.00 and a 52 week high of $92.50. The company’s 50 day moving average price is $83.09 and its two-hundred day moving average price is $83.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 25th. This represents a $1.40 annualized dividend and a dividend yield of 1.78%. Bank First’s dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Hovde Group downgraded shares of Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. Piper Sandler dropped their target price on shares of Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday.

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.