Barclays PLC Has $1.42 Million Stock Position in Bank First Co. (NASDAQ:BFC)

Barclays PLC raised its stake in shares of Bank First Co. (NASDAQ:BFC) by 339.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,635 shares of the company’s stock after buying an additional 12,081 shares during the quarter. Barclays PLC’s holdings in Bank First were worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC lifted its stake in Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after acquiring an additional 657 shares in the last quarter. Arizona State Retirement System increased its holdings 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 worth $211,000 after acquiring an additional 133 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Bank First during the 3rd quarter worth approximately $306,000. SG Americas Securities LLC increased its holdings in shares of Bank First by 91.7% during the 3rd 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 during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Bank First by 30.7% during the 2nd 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 last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First Price Performance

Shares of BFC stock opened at $93.72 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First Co. has a twelve month low of $74.90 and a twelve month high of $110.49. The company has a market cap of $938.32 million, a P/E ratio of 11.51 and a beta of 0.35. The business has a fifty day simple moving average of $102.74 and a 200 day simple moving average of $93.81.

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

Bank First Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a dividend of $0.45 per share. This is an increase from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, December 23rd. Bank First’s dividend payout ratio is currently 22.11%.

Analyst Upgrades and Downgrades

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