Vanguard Group Inc. Buys 5,182 Shares of Bank First Co. (NASDAQ:BFC)

Vanguard Group Inc. grew its holdings in Bank First Co. (NASDAQ:BFC) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 510,701 shares of the company’s stock after acquiring an additional 5,182 shares during the quarter. Vanguard Group Inc. owned 4.92% of Bank First worth $39,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Ensign Peak Advisors Inc purchased a new position in Bank First during the third quarter valued at approximately $37,000. FMR LLC raised its position in Bank First by 145.2% during the third quarter. FMR LLC now owns 532 shares of the company’s stock valued at $41,000 after acquiring an additional 315 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Bank First by 26.8% during the third quarter. Tower Research Capital LLC TRC now owns 677 shares of the company’s stock valued at $52,000 after acquiring an additional 143 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Bank First in the third quarter valued at approximately $57,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Bank First by 24.6% in the second quarter. Ameritas Investment Partners Inc. now owns 771 shares of the company’s stock valued at $64,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Stock Performance

Shares of Bank First stock opened at $79.73 on Thursday. Bank First Co. has a 52 week low of $65.00 and a 52 week high of $92.50. The business’s fifty day simple moving average is $83.83 and its 200-day simple moving average is $83.38. The firm has a market cap of $808.46 million, a PE ratio of 10.95 and a beta of 0.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, January 16th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. Bank First had a return on equity of 10.16% and a net margin of 31.03%. The business had revenue of $75.37 million for the quarter. Equities analysts forecast that Bank First Co. will post 5.9 earnings per share for the current year.

Bank First Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, March 26th. This is a positive change from Bank First’s previous quarterly dividend of $0.30. Bank First’s dividend payout ratio is 19.23%.

Insider Activity

In other Bank First news, Director Phillip R. Maples purchased 650 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $81.72 per share, with a total value of $53,118.00. Following the purchase, the director now directly owns 1,983 shares in the company, valued at approximately $162,050.76. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mary Kay Bourbulas acquired 600 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased 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 of the company’s stock, valued at $580,408.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Phillip R. Maples acquired 650 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price 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 approximately $162,050.76. The disclosure for this purchase can be found here. Corporate insiders own 5.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BFC shares. Hovde Group cut Bank First from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Piper Sandler boosted their price objective on Bank First from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th.

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.