Bank First Co. (NASDAQ:BFC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in shares of Bank First Co. (NASDAQ:BFC) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,034 shares of the company’s stock after selling 326 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bank First were worth $184,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BFC. F M Investments LLC purchased a new position in shares of Bank First in the 2nd quarter worth about $2,560,000. American Century Companies Inc. lifted its stake in Bank First by 167.3% in the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after buying an additional 23,705 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bank First by 158.0% in the second quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company’s stock valued at $1,039,000 after purchasing an additional 7,703 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Bank First by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock worth $6,791,000 after purchasing an additional 4,480 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Bank First by 10.0% in 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 period. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Stock Performance

NASDAQ BFC opened at $106.45 on Wednesday. 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 has a market cap of $1.07 billion, a P/E ratio of 13.08 and a beta of 0.34. Bank First Co. has a twelve month low of $74.90 and a twelve month high of $110.49. The company’s 50-day simple moving average is $100.33 and its 200 day simple moving average is $91.47.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. The firm had revenue of $58.93 million for the quarter, compared to analyst estimates of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. As a group, research analysts forecast that Bank First Co. will post 6.35 earnings per share for the current fiscal year.

Bank First Increases Dividend

The firm 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 $0.45 dividend. The ex-dividend date is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. Bank First’s payout ratio is currently 22.11%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

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.