Rhumbline Advisers Has $1.18 Million Holdings in Bank First Co. (NASDAQ:BFC)

Rhumbline Advisers grew its holdings in Bank First Co. (NASDAQ:BFC) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,246 shares of the company’s stock after buying an additional 746 shares during the quarter. Rhumbline Advisers’ holdings in Bank First were worth $1,177,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new stake in shares of Bank First in the 1st quarter worth about $232,000. EntryPoint Capital LLC raised its position in shares of Bank First by 102.8% in the 1st quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock valued at $236,000 after acquiring an additional 1,382 shares during the period. Virtu Financial LLC acquired a new stake in shares of Bank First in the 4th quarter valued at approximately $241,000. Harbour Investments Inc. raised 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 buying an additional 250 shares during the period. Finally, Regal Investment Advisors LLC acquired a new stake in Bank First during the 4th quarter worth approximately $429,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Trading Down 3.9 %

BFC stock opened at $91.28 on Monday. 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 company has a fifty day moving average price of $89.75 and a two-hundred day moving average price of $84.31. Bank First Co. has a one year low of $70.00 and a one year high of $96.00. The stock has a market cap of $920.19 million, a price-to-earnings ratio of 11.85 and a beta of 0.31.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, July 16th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Bank First had a net margin of 32.18% and a return on equity of 10.07%. The company had revenue of $55.22 million during the quarter, compared to analysts’ expectations of $38.70 million. Equities analysts anticipate that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be issued a $0.40 dividend. This is a positive change from Bank First’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date is Wednesday, September 25th. Bank First’s dividend payout ratio (DPR) is currently 20.78%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Bank First from $84.00 to $99.00 and gave the stock a “neutral” rating in a research note 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.