Bank First Co. (NASDAQ:BFC) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,834 shares of the company's stock after buying an additional 7,336 shares during the quarter. Stifel Financial Corp owned approximately 0.48% of Bank First worth $4,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quest Partners LLC lifted its position in Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company's stock worth $54,000 after buying an additional 657 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Bank First by 5.5% in the second quarter. Arizona State Retirement System now owns 2,554 shares of the company's stock valued at $211,000 after purchasing an additional 133 shares during the period. PDT Partners LLC acquired a new stake in Bank First during the third quarter worth about $306,000. SG Americas Securities LLC boosted its holdings in Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company's stock valued at $335,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Bank First by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company's stock valued at $351,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 29.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Bank First Stock Up 0.9 %

Shares of NASDAQ:BFC traded up $1.00 during trading on Monday, hitting $107.79. The company's stock had a trading volume of 12,064 shares, compared to its average volume of 20,178. Bank First Co. has a fifty-two week low of $74.90 and a fifty-two week high of $110.49. The business has a 50 day moving average price of $99.93 and a two-hundred day moving average price of $91.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $1.08 billion, a PE ratio of 13.24 and a beta of 0.34.

Bank First (NASDAQ:BFC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, topping 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 the consensus estimate of $39.60 million. As a group, research analysts expect that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Bank First's previous quarterly dividend of $0.40. Bank First's dividend payout ratio (DPR) is currently 22.11%.

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.