Bank First (NASDAQ:BFC) Price Target Raised to $111.00

Bank First (NASDAQ:BFC - Free Report) had its target price boosted by Piper Sandler from $110.00 to $111.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Bank First Price Performance

Shares of BFC stock traded up $2.71 during trading hours on Thursday, hitting $110.57. The company had a trading volume of 23,300 shares, compared to its average volume of 20,877. 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.01 and a beta of 0.31. Bank First has a 12 month low of $76.75 and a 12 month high of $110.63. The firm's fifty day moving average is $101.92 and its 200 day moving average is $100.57.

Bank First (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. Bank First had a return on equity of 10.53% and a net margin of 29.00%. The firm had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. On average, sell-side analysts predict that Bank First will post 6.9 EPS for the current fiscal year.

Bank First Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, June 25th. Bank First's payout ratio is currently 26.43%.

Insider Activity at Bank First

In related news, Director Daniel C. Mcconeghy purchased 380 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $105.72 per share, with a total value of $40,173.60. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $211,440. This trade represents a 23.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares in the company, valued at $309,782.45. The trade was a 49.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Bank First

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Bank First by 17,300.0% during the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock valued at $193,000 after purchasing an additional 1,903 shares during the period. Legacy Private Trust Co. boosted its stake in Bank First by 94.8% in the first quarter. Legacy Private Trust Co. now owns 6,147 shares of the company's stock valued at $619,000 after acquiring an additional 2,992 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Bank First by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company's stock valued at $449,000 after acquiring an additional 123 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Bank First in the 4th quarter valued at $349,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bank First by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,187 shares of the company's stock worth $1,307,000 after purchasing an additional 1,754 shares during the period. Institutional investors own 29.95% of the company's stock.

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.