Geode Capital Management LLC Buys 7,922 Shares of Bank First Co. (NASDAQ:BFC)

Geode Capital Management LLC grew its position in shares of Bank First Co. (NASDAQ:BFC) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 222,204 shares of the company’s stock after acquiring an additional 7,922 shares during the quarter. Geode Capital Management LLC’s holdings in Bank First were worth $20,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC boosted its stake in shares of Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after buying an additional 657 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Bank First by 5.5% during the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after buying an additional 133 shares during the last quarter. PDT Partners LLC purchased a new position in shares of Bank First in the third quarter worth about $306,000. SG Americas Securities LLC lifted its position in shares of 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 acquiring an additional 1,768 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Bank First by 30.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock worth $435,000 after acquiring an additional 1,237 shares during the period. Institutional investors own 29.95% of the company’s stock.

Bank First Stock Down 1.6 %

BFC stock opened at $98.67 on Friday. Bank First Co. has a 1-year low of $74.90 and a 1-year high of $110.49. The company’s 50 day moving average is $101.78 and its 200 day moving average is $92.51. The stock has a market cap of $987.88 million, a price-to-earnings ratio of 12.12 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.11. The firm had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. Sell-side analysts predict that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40. Bank First’s payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on shares of Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research note 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.