MANITOWOC, WI – In a recent transaction, Mary Kay Bourbulas, a director at Bank First Corp (NASDAQ:BFC), purchased shares of the company's common stock, investing a total of $49,725. This purchase demonstrates a vote of confidence in the bank's future prospects and financial health.
The transactions, which occurred on March 15, 2024, involved the acquisition of 600 shares at prices ranging from $82.75 to $83.00. Following these purchases, Bourbulas now directly owns a total of 7,003 shares in the company. Notably, the transactions included shares bought as part of Bank First Corporation's Dividend Reinvestment Plan, as indicated by the footnotes in the filing.
Bank First Corp, headquartered in Manitowoc, Wisconsin, operates as a national commercial bank and has a strong presence in the region. The company's commitment to local banking services is reflected in its consistent performance and strategic initiatives.
These recent stock purchases by a member of the bank's board add to the narrative of insider confidence, which is often a closely watched indicator by investors and market analysts. The direct ownership of shares aligns the interests of the board with those of shareholders and is typically seen as a bullish signal.
Investors and stakeholders of Bank First Corp will continue to monitor insider transactions, as they provide insights into the perspectives of those who govern and lead the company. The recent purchases by Director Bourbulas could be interpreted as a positive sign for the bank's trajectory and its stock value moving forward.
InvestingPro Insights
As Bank First Corp (NASDAQ:BFC) garners attention with insider stock purchases, the InvestingPro platform offers a deeper look into the company’s financial metrics and analyst insights. According to the latest data, Bank First Corp has a market capitalization of $830.52 million and is trading at a P/E ratio of 11.17, suggesting that the stock may be valued attractively relative to its near-term earnings growth.
With a robust revenue growth of 47.23% over the last twelve months as of Q4 2023, the company has demonstrated significant top-line expansion. This is further accentuated by an impressive quarterly revenue growth of 99.55% in Q4 2023. Despite concerns over weak gross profit margins, Bank First Corp has maintained a solid track record of dividend payments for 15 consecutive years, with a current dividend yield of 1.71% and a notable dividend growth of 40.0%. This commitment to returning value to shareholders is a testament to the company's financial stability and prudent management.
InvestingPro Tips reveal that while net income is expected to drop this year, analysts predict the company will remain profitable, which aligns with the positive insider trading activity. Additionally, the company has been profitable over the last twelve months and has delivered a high return over the last decade. For investors seeking more comprehensive analysis, InvestingPro offers additional tips, and by using the coupon code PRONEWS24, users can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Bank First Corp's next earnings date is slated for April 16, 2024, which will provide further clarity on the company's financial trajectory. With a fair value estimation by analysts at $90.5 and InvestingPro’s fair value at $74.77, the current price of $82.07 positions the stock between these two assessments, potentially offering an opportunity for investors. It is important to note that the company has experienced a 13.18% one-year price total return, indicating a positive trend in shareholder value over the past year.
For those looking to delve deeper into Bank First Corp’s financials and future outlook, visiting https://www.investing.com/pro/BFC can provide valuable insights and an additional 30 InvestingPro Tips to guide investment decisions.
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