Piper Sandler Increases Bank First (NASDAQ:BFC) Price Target to $104.00

Bank First (NASDAQ:BFC) had its price objective increased by Piper Sandler from $99.00 to $104.00 in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Bank First Stock Performance

Shares of BFC stock opened at $94.81 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $955.78 million, a PE ratio of 12.31 and a beta of 0.30. Bank First has a 1 year low of $70.00 and a 1 year high of $96.28. The stock has a fifty day moving average price of $89.59 and a 200 day moving average price of $85.18.

Bank First (NASDAQ:BFC) last released 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. Bank First had a return on equity of 10.07% and a net margin of 32.18%. The business had revenue of $58.93 million during the quarter, compared to the consensus estimate of $39.60 million. Sell-side analysts forecast that Bank First will post 6.07 earnings per share for the current fiscal year.

Bank First Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be 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 1.90%. The ex-dividend date is Monday, December 23rd. Bank First’s payout ratio is currently 23.38%.

Institutional Trading of Bank First

Large investors have recently made changes to their positions in the stock. Quest Partners LLC lifted its stake in shares of Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after buying an additional 657 shares during the period. Arizona State Retirement System boosted its holdings in shares of Bank First by 5.5% during the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock worth $211,000 after purchasing an additional 133 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Bank First in the first quarter valued at $232,000. EntryPoint Capital LLC increased its stake in Bank First by 102.8% in the first quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock valued at $236,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Bank First during the fourth quarter worth about $241,000. Institutional investors and hedge funds own 29.95% of the company’s stock.

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.