Quest Partners LLC Acquires 657 Shares of Bank First Co. (NASDAQ:BFC)

Quest Partners LLC grew its stake in shares of Bank First Co. (NASDAQ:BFC) by 65,700.0% in the second quarter, HoldingsChannel.com reports. The firm owned 658 shares of the company’s stock after purchasing an additional 657 shares during the period. Quest Partners LLC’s holdings in Bank First were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings 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 valued at $211,000 after purchasing an additional 133 shares in the last quarter. Rhumbline Advisers raised its position in Bank First by 5.5% in the 2nd quarter. Rhumbline Advisers now owns 14,246 shares of the company’s stock valued at $1,177,000 after buying an additional 746 shares during the last quarter. F M Investments LLC bought a new position in Bank First during the 2nd quarter valued at $2,560,000. Harbour Investments Inc. boosted its holdings in Bank First by 6.3% during the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock worth $351,000 after acquiring an additional 250 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Bank First by 10.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock worth $3,792,000 after acquiring an additional 4,157 shares during the last quarter. 29.95% of the stock is owned by institutional investors.

Bank First Price Performance

Shares of NASDAQ BFC opened at $93.34 on Thursday. The company has a market capitalization of $940.96 million, a PE ratio of 12.12 and a beta of 0.31. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $89.19 and its 200-day moving average price is $84.10. Bank First Co. has a twelve month low of $70.00 and a twelve month high of $96.00.

Bank First (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, July 16th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $55.22 million for the quarter, compared to analyst estimates of $38.70 million. Bank First had a return on equity of 10.07% and a net margin of 32.18%. On average, equities analysts anticipate that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 25th will be issued a $0.40 dividend. This is an increase from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, September 25th. Bank First’s payout ratio is 20.78%.

Analyst Ratings Changes

Separately, Piper Sandler increased their target price on shares of Bank First from $84.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, July 18th.

Bank First Company Profile

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.