Geode Capital Management LLC Has $20.16 Million Stock Holdings in Bank First Co. (NASDAQ:BFC)

Geode Capital Management LLC grew its holdings in Bank First Co. (NASDAQ:BFC) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,204 shares of the company’s stock after acquiring an additional 7,922 shares during the quarter. Geode Capital Management LLC owned 2.22% of Bank First worth $20,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFC. Quest Partners LLC grew its holdings in shares of Bank First by 65,700.0% during the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after purchasing an additional 657 shares in the last quarter. Arizona State Retirement System raised its position in Bank First by 5.5% during the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after purchasing an additional 133 shares in the last quarter. PDT Partners LLC bought a new stake in Bank First during the third quarter worth $306,000. SG Americas Securities LLC boosted its holdings in shares of Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock valued at $335,000 after purchasing an additional 1,768 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Bank First by 30.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock valued at $435,000 after acquiring an additional 1,237 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Bank First Trading Down 1.6 %

NASDAQ:BFC opened at $98.67 on Friday. 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 firm has a market cap of $987.88 million, a P/E ratio of 12.12 and a beta of 0.34. The firm’s fifty day moving average is $101.78 and its 200-day moving average is $92.51. Bank First Co. has a 52 week low of $74.90 and a 52 week high of $110.49.

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

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 annualized dividend and a yield of 1.82%. This is a positive change from Bank First’s previous quarterly dividend of $0.40. Bank First’s dividend payout ratio is presently 22.11%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research note 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.