Teacher Retirement System of Texas Sells 1,676 Shares of Bank First Co. (NASDAQ:BFC)

Teacher Retirement System of Texas cut its holdings in Bank First Co. (NASDAQ:BFC) by 16.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,701 shares of the company’s stock after selling 1,676 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bank First were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of Bank First during the fourth quarter worth $397,000. Commonwealth Equity Services LLC boosted its holdings in shares of Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock valued at $469,000 after acquiring an additional 105 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bank First during the 4th quarter worth $277,000. Avantax Advisory Services Inc. increased its holdings in Bank First by 2.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,998 shares of the company’s stock worth $1,090,000 after purchasing an additional 313 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Bank First in the fourth quarter valued at about $287,000. Institutional investors own 29.95% of the company’s stock.

Bank First Stock Performance

Shares of BFC stock opened at $101.16 on Friday. The business’s 50-day moving average price is $102.12 and its 200-day moving average price is $99.14. Bank First Co. has a 12 month low of $74.90 and a 12 month high of $110.49. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.56 and a beta of 0.32.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, January 21st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a net margin of 29.00% and a return on equity of 10.53%. Equities research analysts forecast that Bank First Co. will post 6.9 EPS for the current year.

Bank First Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be issued a $0.45 dividend. 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 1.78%. Bank First’s payout ratio is 27.69%.

Insider Buying and Selling

In related news, Director Michael S. Stayer-Suprick bought 1,000 shares of Bank First stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the completion of the acquisition, the director now directly owns 3,035 shares of the company’s stock, valued at approximately $309,782.45. The trade was a 49.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel C. Mcconeghy purchased 380 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $105.72 per share, with a total value of $40,173.60. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $211,440. The trade was a 23.46 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is owned by corporate insiders.

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.