Merit Financial Group LLC Has $17.82 Million Stake in Bank First Co. (NASDAQ:BFC)

Merit Financial Group LLC boosted its position in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 88.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,814 shares of the company's stock after buying an additional 84,524 shares during the quarter. Merit Financial Group LLC owned approximately 1.80% of Bank First worth $17,818,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC grew its position in shares of Bank First by 212.6% during the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company's stock worth $187,000 after buying an additional 1,399 shares during the period. PDT Partners LLC acquired a new stake in Bank First during the 3rd quarter worth $306,000. SG Americas Securities LLC raised its position in shares of Bank First by 91.7% during the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company's stock valued at $335,000 after acquiring an additional 1,768 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Bank First by 30.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company's stock valued at $435,000 after purchasing an additional 1,237 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Bank First by 61.4% in the 2nd quarter. Marshall Wace LLP now owns 6,513 shares of the company's stock valued at $538,000 after purchasing an additional 2,478 shares during the period. 29.95% of the stock is currently owned by institutional investors.

Bank First Trading Up 1.4 %

Bank First stock traded up $1.40 during midday trading on Friday, hitting $98.94. 16,210 shares of the stock were exchanged, compared to its average volume of 15,263. The stock has a market capitalization of $990.39 million, a PE ratio of 12.15 and a beta of 0.35. The company has a fifty day simple moving average of $102.49 and a two-hundred day simple moving average of $94.20. 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 Co. has a 52 week low of $74.90 and a 52 week high of $110.49.

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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $39.60 million. Equities research analysts anticipate that Bank First Co. will post 6.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price objective on Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, October 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.