Jane Street Group LLC Sells 2,325 Shares of Bank First Co. (NASDAQ:BFC)

Jane Street Group LLC lessened its stake in shares of Bank First Co. (NASDAQ:BFC) by 28.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,912 shares of the company’s stock after selling 2,325 shares during the quarter. Jane Street Group LLC owned 0.06% of Bank First worth $536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp increased its holdings 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 purchasing an additional 7,822 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Bank First by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock valued at $6,791,000 after purchasing an additional 4,480 shares in the last quarter. Stifel Financial Corp increased its holdings in Bank First by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock valued at $4,339,000 after purchasing an additional 7,336 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Bank First by 10.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock valued at $3,792,000 after purchasing an additional 4,157 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Bank First by 167.3% during the 2nd quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after purchasing an additional 23,705 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Bank First Stock Up 0.3 %

NASDAQ BFC opened at $97.80 on Monday. The stock has a fifty day moving average of $102.42 and a 200-day moving average of $93.22. The stock has a market capitalization of $979.17 million, a P/E ratio of 12.01 and a beta of 0.35. Bank First Co. has a 52 week low of $74.90 and a 52 week high of $110.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.54 by $0.11. The company had revenue of $58.93 million during the quarter, compared to analysts’ expectations of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. On average, equities research analysts forecast that Bank First Co. will post 6.35 EPS for the current 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 paid a dividend of $0.45 per share. The ex-dividend date is Monday, December 23rd. This is a boost 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 1.84%. Bank First’s payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

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

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.