AirNet Technology raises $180 million in digital assets offering
In a recent transaction disclosed by Bank First Corp (NASDAQ:BFC), Director Daniel C. McConeghy purchased 380 shares of the company’s common stock. The shares were acquired at a price of $105.72 each, amounting to a total transaction value of $40,173. Following this acquisition, McConeghy now directly owns 2,000 shares of Bank First Corp, showing confidence in the $1.04 billion market cap financial institution. The stock has demonstrated strong performance with a 27% return over the past year, while maintaining a modest P/E ratio of 15.8x. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, highlighting McConeghy’s continued investment in the financial institution headquartered in Manitowoc, Wisconsin. The company has maintained dividend payments for 16 consecutive years, currently offering a 1.77% yield. InvestingPro subscribers can access additional insights, including two more bullish signals and comprehensive financial health metrics.
In other recent news, Bank First Corporation announced the resignation of Kristeen Pelot, the Senior Vice President of Operations. The company disclosed this development in a filing with the Securities and Exchange Commission, noting that Pelot will officially leave her position on April 30, 2025. The announcement did not include details about the reasons for her departure or information on her successor. This leadership change comes at a time when transitions within financial institutions are under close scrutiny by investors and industry analysts. Bank First Corporation has not yet commented on any potential impact on its operations or strategic direction following Pelot’s resignation. The SEC filing was signed by the company’s Chief Financial Officer, Kevin M. LeMahieu, ensuring the accuracy and timeliness of the report. Further details on the search for Pelot’s replacement have not been provided.
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