Bank of Montreal Can Has $9.15 Million Holdings in Bank First Co. (NASDAQ:BFC)

Bank of Montreal Can decreased its position in Bank First Co. (NASDAQ:BFC) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,690 shares of the company’s stock after selling 1,200 shares during the quarter. Bank of Montreal Can owned about 1.04% of Bank First worth $9,145,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Bank First by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock valued at $6,791,000 after purchasing an additional 4,480 shares during the period. Quest Partners LLC boosted its stake in shares of Bank First by 212.6% in the third quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after buying an additional 1,399 shares during the period. SG Americas Securities LLC grew its position in Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after buying an additional 1,768 shares in the last quarter. Marshall Wace LLP increased its stake in Bank First by 61.4% during the 2nd quarter. Marshall Wace LLP now owns 6,513 shares of the company’s stock worth $538,000 after acquiring an additional 2,478 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Bank First by 30.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock valued at $435,000 after acquiring an additional 1,237 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First Stock Performance

Bank First stock opened at $106.87 on Monday. The company has a market capitalization of $1.07 billion, a P/E ratio of 13.13 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49. The business has a 50 day moving average of $95.84 and a 200-day moving average of $89.33.

Bank First (NASDAQ:BFC) last announced 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. The company had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. On average, equities research analysts predict that Bank First Co. will post 6.35 earnings per share for the current year.

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.45 per share. This is a positive change from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, December 23rd. Bank First’s dividend payout ratio (DPR) is presently 22.11%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th.

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.