Quest Partners LLC Buys 1,399 Shares of Bank First Co. (NASDAQ:BFC)

Quest Partners LLC raised its stake in shares of Bank First Co. (NASDAQ:BFC) by 212.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,057 shares of the company’s stock after acquiring an additional 1,399 shares during the period. Quest Partners LLC’s holdings in Bank First were worth $187,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BFC. F M Investments LLC bought a new position in Bank First during the 2nd quarter valued at $2,560,000. American Century Companies Inc. lifted its stake 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 acquiring an additional 23,705 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bank First by 158.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company’s stock valued at $1,039,000 after acquiring an additional 7,703 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Bank First by 169.3% during the 1st quarter. Janus Henderson Group PLC now owns 9,117 shares of the company’s stock valued at $789,000 after acquiring an additional 5,731 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 worth $3,792,000 after purchasing an additional 4,157 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Bank First Trading Up 0.3 %

NASDAQ BFC opened at $106.64 on Thursday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.10 and a beta of 0.30. Bank First Co. has a one year low of $74.90 and a one year high of $110.49. 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 business’s fifty day moving average is $95.03 and its 200-day moving average is $88.88.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. The company had revenue of $58.93 million for 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%. Equities research analysts predict that Bank First Co. will post 6.35 EPS for the current year.

Bank First Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors 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 1.69%. This is a positive change from Bank First’s previous quarterly dividend of $0.40. Bank First’s dividend payout ratio (DPR) is 22.11%.

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.