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Cambridge Investment Research Advisors Inc. trimmed its position in Bank First Co. (NASDAQ:BFC – Get Rating) by 28.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,132 shares of the company’s stock after selling 1,272 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Bank First were worth $240,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nicolet Advisory Services LLC increased its position in Bank First by 66.7% in the second quarter. Nicolet Advisory Services LLC now owns 13,196 shares of the company’s stock worth $1,017,000 after purchasing an additional 5,280 shares during the period. Csenge Advisory Group acquired a new stake in Bank First in the third quarter worth about $206,000. Amalgamated Bank bought a new position in Bank First during the first quarter worth about $57,000. Bank of Nova Scotia bought a new position in Bank First during the second quarter worth about $298,000. Finally, SG Americas Securities LLC bought a new position in Bank First during the second quarter worth about $200,000. 22.77% of the stock is currently owned by institutional investors and hedge funds.
Bank First Trading Down 1.1 %
NASDAQ:BFC opened at $87.08 on Friday. Bank First Co. has a fifty-two week low of $68.28 and a fifty-two week high of $99.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $786.33 million, a PE ratio of 15.52 and a beta of 0.36. The business’s 50-day simple moving average is $93.02 and its 200-day simple moving average is $83.74.
Bank First (NASDAQ:BFC – Get Rating) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.02. Bank First had a return on equity of 13.50% and a net margin of 34.15%. The business had revenue of $32.86 million for the quarter, compared to analysts’ expectations of $33.60 million. Sell-side analysts expect that Bank First Co. will post 6.28 earnings per share for the current fiscal year.
Bank First Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, December 20th. Bank First’s dividend payout ratio (DPR) is presently 17.83%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on BFC shares. Hovde Group raised their target price on Bank First to $88.00 in a report on Thursday, October 27th. Piper Sandler cut Bank First from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $106.00 to $95.00 in a report on Thursday.
About Bank First
(Get Rating)
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. The company offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.
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