Barclays PLC Raises Stock Holdings in Bank First Co. (NASDAQ:BFC)

Barclays PLC grew its position in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 339.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,635 shares of the company's stock after buying an additional 12,081 shares during the quarter. Barclays PLC owned 0.16% of Bank First worth $1,417,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Bank First by 3.4% in the third quarter. State Street Corp now owns 238,225 shares of the company's stock valued at $21,701,000 after buying an additional 7,822 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Bank First by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company's stock valued at $6,791,000 after acquiring an additional 4,480 shares during the period. Stifel Financial Corp boosted its position in shares of Bank First by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company's stock worth $4,339,000 after purchasing an additional 7,336 shares in the last quarter. Bank of New York Mellon Corp grew 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. Finally, American Century Companies Inc. grew its stake in shares of Bank First by 167.3% during the 2nd quarter. American Century Companies Inc. now owns 37,873 shares of the company's stock worth $3,128,000 after purchasing an additional 23,705 shares during the period. Institutional investors and hedge funds own 29.95% of the company's stock.

Bank First Price Performance

Shares of NASDAQ:BFC traded down $1.64 during trading on Friday, hitting $98.67. 13,241 shares of the stock were exchanged, compared to its average volume of 20,216. Bank First Co. has a 12-month low of $74.90 and a 12-month high of $110.49. The company has a market cap of $987.88 million, a PE ratio of 12.12 and a beta of 0.34. The company has a fifty day moving average price of $101.78 and a two-hundred day moving average price of $92.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The company had revenue of $58.93 million for the quarter, compared to analyst estimates of $39.60 million. On average, analysts forecast that Bank First Co. will post 6.35 EPS for the current year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.45 per share. This is an increase from Bank First's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Monday, December 23rd. Bank First's dividend payout ratio (DPR) is 22.11%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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.

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.