Bank First Co. (NASDAQ:BFC) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in shares of Bank First Co. (NASDAQ:BFC) by 339.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,635 shares of the company’s stock after acquiring an additional 12,081 shares during the quarter. Barclays PLC owned about 0.16% of Bank First worth $1,417,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BFC. American Century Companies Inc. lifted its holdings in shares of Bank First by 167.3% during the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock worth $3,128,000 after purchasing an additional 23,705 shares during the period. State Street Corp lifted its stake in Bank First by 3.4% during the 3rd quarter. State Street Corp now owns 238,225 shares of the company’s stock valued at $21,701,000 after acquiring an additional 7,822 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bank First by 158.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company’s stock valued at $1,039,000 after acquiring an additional 7,703 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Bank First by 18.1% in the third quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock worth $4,339,000 after acquiring an additional 7,336 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 purchasing an additional 4,480 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Trading Down 1.6 %

Shares of NASDAQ:BFC opened at $98.67 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First Co. has a 12-month low of $74.90 and a 12-month high of $110.49. The business has a 50 day moving average of $101.78 and a two-hundred day moving average of $92.51. The company has a market capitalization of $987.88 million, a PE ratio of 12.12 and a beta of 0.34.

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

Bank First Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.45 per share. 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 1.82%. The ex-dividend date of this dividend is Monday, December 23rd. Bank First’s dividend payout ratio is presently 22.11%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target 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 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.