Bank First (NASDAQ:BFC) Reaches New 12-Month High on Analyst Upgrade

Shares of Bank First Co. (NASDAQ:BFC) hit a new 52-week high on Thursday after Piper Sandler raised their price target on the stock from $99.00 to $104.00. Piper Sandler currently has a neutral rating on the stock. Bank First traded as high as $96.00 and last traded at $96.00, with a volume of 8076 shares changing hands. The stock had previously closed at $94.07.

Institutional Trading of Bank First

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC raised its holdings in Bank First by 65,700.0% during the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after buying an additional 657 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock worth $211,000 after purchasing an additional 133 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Bank First during the 1st quarter valued at about $232,000. EntryPoint Capital LLC lifted its holdings in Bank First by 102.8% in the 1st quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock worth $236,000 after buying an additional 1,382 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Bank First in the 4th quarter worth approximately $241,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $955.78 million, a PE ratio of 12.31 and a beta of 0.30. The company has a 50 day moving average price of $89.59 and a 200-day moving average price of $85.14.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. Bank First had a net margin of 32.18% and a return on equity of 10.07%. The business had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. As a group, analysts forecast that Bank First Co. will post 6.07 earnings per share for the current fiscal year.

Bank First Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. The ex-dividend date is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.90%. Bank First’s dividend payout ratio (DPR) is 23.38%.

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.