Geode Capital Management LLC Lowers Position in Bank First Co. (NASDAQ:BFC)

Geode Capital Management LLC reduced its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,563 shares of the company's stock after selling 3,641 shares during the quarter. Geode Capital Management LLC owned 2.18% of Bank First worth $21,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Bank First during the 4th quarter valued at $189,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Bank First during the fourth quarter valued at $277,000. Raymond James Financial Inc. purchased a new stake in shares of Bank First during the 4th quarter valued at about $287,000. Heck Capital Advisors LLC bought a new position in Bank First in the fourth quarter worth approximately $349,000. Finally, Intech Investment Management LLC bought a new position in Bank First in the 4th quarter worth $397,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

Bank First Price Performance

Shares of NASDAQ:BFC traded down $0.47 during midday trading on Thursday, reaching $110.45. 1,685 shares of the company were exchanged, compared to its average volume of 21,086. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.10 billion, a PE ratio of 16.99 and a beta of 0.31. The business's fifty day moving average is $102.26 and its two-hundred day moving average is $100.71. Bank First Co. has a one year low of $76.75 and a one year high of $112.26.

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

Bank First Dividend Announcement

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

Insider Activity at Bank First

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

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price objective on Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th.

Bank First 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.