Piper Sandler Cuts Bank First (NASDAQ:BFC) Price Target to $87.00

Bank First (NASDAQ:BFC) had its target price reduced by Piper Sandler from $90.00 to $87.00 in a report issued on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Hovde Group lowered shares of Bank First from an outperform rating to a market perform rating in a research note on Monday, March 4th.

Bank First Stock Performance

NASDAQ:BFC opened at $78.50 on Thursday. The company has a fifty day moving average of $83.09 and a two-hundred day moving average of $83.43. Bank First has a fifty-two week low of $65.00 and a fifty-two week high of $92.50. The stock has a market capitalization of $795.99 million, a PE ratio of 10.19 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Bank First Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 25th. This represents a $1.40 annualized dividend and a yield of 1.78%. Bank First’s dividend payout ratio (DPR) is presently 18.18%.

Insider Transactions at Bank First

In other Bank First news, Director Mary Kay Bourbulas purchased 600 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $82.88 per share, with a total value of $49,728.00. Following the completion of the purchase, the director now owns 7,003 shares in the company, valued at approximately $580,408.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Phillip R. Maples bought 650 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $81.72 per share, for a total transaction of $53,118.00. Following the acquisition, the director now directly owns 1,983 shares in the company, valued at $162,050.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Kay Bourbulas purchased 600 shares of Bank First stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $82.88 per share, for a total transaction of $49,728.00. Following the acquisition, the director now owns 7,003 shares in the company, valued at $580,408.64. The disclosure for this purchase can be found here. Insiders own 5.73% of the company’s stock.

Institutional Investors Weigh In On Bank First

Hedge funds have recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Bank First by 85,912.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,016,591 shares of the company’s stock valued at $558,460,000 after buying an additional 6,009,596 shares during the period. BlackRock Inc. grew its position in Bank First by 18.7% in the second quarter. BlackRock Inc. now owns 644,043 shares of the company’s stock worth $53,584,000 after acquiring an additional 101,415 shares during the period. Vanguard Group Inc. increased its stake in Bank First by 1.0% during the third quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after acquiring an additional 5,182 shares during the last quarter. State Street Corp raised its position in Bank First by 11.9% in the second quarter. State Street Corp now owns 189,625 shares of the company’s stock valued at $15,828,000 after purchasing an additional 20,159 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Bank First by 24.9% in the 2nd quarter. Geode Capital Management LLC now owns 178,201 shares of the company’s stock valued at $14,826,000 after purchasing an additional 35,502 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.