Bank First Co. (NASDAQ:BFC) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Bank First Co. (NASDAQ:BFC) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,246 shares of the company’s stock after buying an additional 746 shares during the quarter. Rhumbline Advisers owned 0.14% of Bank First worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of BFC. Price T Rowe Associates Inc. MD acquired a new position in Bank First during the first quarter worth approximately $232,000. EntryPoint Capital LLC lifted its position in shares of Bank First by 102.8% in the 1st quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock worth $236,000 after buying an additional 1,382 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Bank First in the 4th quarter worth about $241,000. Harbour Investments Inc. lifted its position in Bank First by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock valued at $351,000 after purchasing an additional 250 shares during the last quarter. Finally, Regal Investment Advisors LLC bought a new stake in Bank First in the 4th quarter valued at about $429,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Stock Down 3.9 %

BFC stock opened at $91.28 on Monday. Bank First Co. has a 52-week low of $70.00 and a 52-week high of $96.00. The company’s 50 day simple moving average is $89.75 and its 200-day simple moving average is $84.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $920.19 million, a P/E ratio of 11.85 and a beta of 0.31.

Bank First (NASDAQ:BFC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. The firm had revenue of $55.22 million for the quarter, compared to the consensus estimate of $38.70 million. Bank First had a net margin of 32.18% and a return on equity of 10.07%. As a group, equities research analysts anticipate that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.75%. This is an increase from Bank First’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 25th. Bank First’s payout ratio is currently 20.78%.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of Bank First from $84.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th.

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.