Piper Sandler Issues Positive Forecast for Bank First (NASDAQ:BFC) Stock Price

Bank First (NASDAQ:BFC) had its price target raised by Piper Sandler from $110.00 to $111.00 in a report published on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Bank First Stock Performance

Shares of BFC opened at $106.30 on Thursday. Bank First has a 52-week low of $74.95 and a 52-week high of $110.49. The firm has a market capitalization of $1.06 billion, a PE ratio of 16.35 and a beta of 0.31. The firm has a 50-day moving average price of $101.73 and a 200 day moving average price of $100.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. The business had revenue of $43.10 million for the quarter, compared to analyst estimates of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, sell-side analysts anticipate that Bank First will post 6.9 earnings per share for the current fiscal year.

Bank First Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 25th. This represents a $1.80 annualized dividend and a yield of 1.69%. Bank First’s dividend payout ratio is currently 27.69%.

Insider Buying and Selling

In other Bank First news, Director Daniel C. Mcconeghy purchased 380 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $211,440. This represents a 23.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the acquisition, the director now directly owns 3,035 shares of the company’s stock, valued at $309,782.45. This represents a 49.14 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Bank First

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock valued at $469,000 after purchasing an additional 105 shares during the period. Mariner LLC boosted its holdings in shares of Bank First by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock worth $247,000 after purchasing an additional 112 shares during the period. Citadel Advisors LLC grew its position in Bank First by 1.2% during the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock valued at $1,017,000 after purchasing an additional 119 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Bank First by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after buying an additional 123 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bank First by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock valued at $546,000 after acquiring an additional 124 shares in the last quarter. 29.95% of the stock is owned by hedge funds and other institutional investors.

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.