Allspring Global Investments Holdings LLC Sells 1,928 Shares of Bank First Co. (NASDAQ:BFC)

Allspring Global Investments Holdings LLC lessened its stake in shares of Bank First Co. (NASDAQ:BFC) by 23.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,152 shares of the company’s stock after selling 1,928 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bank First were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Bank First in the third quarter valued at approximately $57,000. Raymond James Financial Services Advisors Inc. bought a new stake in Bank First in the fourth quarter valued at approximately $208,000. Arizona State Retirement System bought a new stake in Bank First in the fourth quarter valued at approximately $214,000. SG Americas Securities LLC bought a new stake in Bank First in the third quarter valued at approximately $335,000. Finally, Raymond James & Associates bought a new stake in Bank First in the fourth quarter valued at approximately $631,000. Institutional investors own 29.95% of the company’s stock.

Wall Street Analysts Forecast Growth

BFC has been the topic of several research analyst reports. Hovde Group lowered Bank First from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Piper Sandler dropped their price objective on Bank First from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th.

Insider Transactions at Bank First

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

Bank First Price Performance

Shares of NASDAQ BFC opened at $78.53 on Friday. The firm has a market cap of $794.88 million, a P/E ratio of 10.20 and a beta of 0.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Bank First Co. has a 1-year low of $65.00 and a 1-year high of $92.50. The business’s 50 day moving average is $82.64 and its 200-day moving average is $83.40.

Bank First Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.78%. Bank First’s dividend payout ratio (DPR) is currently 18.18%.

Bank First 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.