Bank First Co. (NASDAQ:BFC) Shares Acquired by State Street Corp

State Street Corp increased its position in Bank First Co. (NASDAQ:BFC) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 238,225 shares of the company’s stock after purchasing an additional 7,822 shares during the period. State Street Corp owned 2.38% of Bank First worth $21,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Bank First by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock worth $4,339,000 after purchasing an additional 7,336 shares during the period. PDT Partners LLC purchased a new stake in shares of Bank First in the third quarter valued at about $306,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bank First by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock worth $1,037,000 after buying an additional 155 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Bank First by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock worth $6,791,000 after buying an additional 4,480 shares during the last quarter. Finally, Quest Partners LLC increased its position in Bank First by 212.6% in the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after acquiring an additional 1,399 shares during the period. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Stock Performance

Shares of BFC opened at $99.62 on Tuesday. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49. The stock has a market capitalization of $997.40 million, a P/E ratio of 12.24 and a beta of 0.34. 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 company’s fifty day moving average is $101.11 and its two-hundred day moving average is $91.90.

Bank First (NASDAQ:BFC) last posted 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 net margin of 32.02% and a return on equity of 10.10%. The firm had revenue of $58.93 million during the quarter, compared to analysts’ expectations of $39.60 million. On average, sell-side analysts predict that Bank First Co. will post 6.35 earnings per share for the current year.

Bank First Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.45 dividend. The ex-dividend date is Monday, December 23rd. This is an increase from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. Bank First’s payout ratio is 22.11%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price objective on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a research 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.