Virtu Financial LLC Makes New Investment in Bank First Co. (NASDAQ:BFC)

Virtu Financial LLC bought a new position in shares of Bank First Co. (NASDAQ:BFC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,777 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors have also recently added to or reduced their stakes in BFC. Charles Schwab Investment Management Inc. boosted its position in Bank First by 167.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,538 shares of the company’s stock worth $5,211,000 after purchasing an additional 42,240 shares during the period. Raymond James & Associates bought a new stake in Bank First during the fourth quarter worth approximately $631,000. Vanguard Group Inc. boosted its position in Bank First by 1.0% during the third quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after purchasing an additional 5,182 shares during the period. Regal Investment Advisors LLC acquired a new position in shares of Bank First during the fourth quarter worth approximately $429,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Bank First by 21.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,318 shares of the company’s stock worth $1,674,000 after buying an additional 3,399 shares during the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First Stock Performance

Shares of NASDAQ BFC opened at $78.18 on Friday. The business has a fifty day simple moving average of $80.58 and a 200 day simple moving average of $83.53. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $788.05 million, a price-to-earnings ratio of 10.15 and a beta of 0.33. Bank First Co. has a one year low of $70.00 and a one year high of $92.50.

Bank First (NASDAQ:BFC) last issued its earnings results on Tuesday, April 16th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.02. The business had revenue of $37.75 million during the quarter, compared to analyst estimates of $40.00 million. Bank First had a return on equity of 10.08% and a net margin of 32.08%. Sell-side analysts expect that Bank First Co. will post 5.86 EPS for the current year.

Bank First Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 26th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Bank First’s payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BFC. Hovde Group lowered Bank First from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. Piper Sandler cut their price target on Bank First from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 18th.

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.