State Street Corp Raises Stock Holdings in Bank First Co. (NASDAQ:BFC)

State Street Corp boosted its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,225 shares of the company's stock after acquiring an additional 7,822 shares during the quarter. State Street Corp owned 2.38% of Bank First worth $21,701,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BFC. Stifel Financial Corp increased its stake in shares of Bank First by 18.1% in the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company's stock valued at $4,339,000 after acquiring an additional 7,336 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bank First by 167.3% during the second 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. Charles Schwab Investment Management Inc. raised its position in shares of Bank First by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company's stock worth $6,791,000 after purchasing an additional 4,480 shares during the period. F M Investments LLC bought a new position in shares of Bank First in the 2nd quarter worth $2,560,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Bank First by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company's stock valued at $3,792,000 after buying an additional 4,157 shares during the last quarter. Institutional investors own 29.95% of the company's stock.

Bank First Trading Up 0.7 %

Shares of BFC traded up $0.73 during trading hours on Tuesday, hitting $100.35. The company had a trading volume of 5,331 shares, compared to its average volume of 20,294. The firm has a market cap of $1.00 billion, a P/E ratio of 12.33 and a beta of 0.34. Bank First Co. has a 52-week low of $74.90 and a 52-week high of $110.49. The stock's 50 day moving average price is $101.31 and its 200 day moving average price is $92.02. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.11. Bank First had a net margin of 32.02% and a return on equity of 10.10%. The company had revenue of $58.93 million during the quarter, compared to analyst estimates of $39.60 million. On average, 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. Shareholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.79%. This is a boost from Bank First's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 23rd. Bank First's payout ratio is presently 22.11%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th.

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.