Bank First Co. (NASDAQ:BFC) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Bank First Co. (NASDAQ:BFC) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 95,639 shares of the company’s stock after buying an additional 5,098 shares during the quarter. Northern Trust Corp’s holdings in Bank First were worth $9,477,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Bank First by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock valued at $2,165,000 after acquiring an additional 13,502 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Bank First by 88.7% in the 4th quarter. Merit Financial Group LLC now owns 179,814 shares of the company’s stock valued at $17,818,000 after purchasing an additional 84,524 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Bank First by 20.1% in the 4th quarter. SG Americas Securities LLC now owns 4,438 shares of the company’s stock valued at $440,000 after purchasing an additional 742 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Bank First during the 4th quarter worth $349,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Bank First during the fourth quarter worth $1,031,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Insider Buying and Selling

In other Bank First news, Director Daniel C. Mcconeghy bought 380 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $211,440. This represents a 23.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $102.07 per share, for a total transaction of $102,070.00. Following the acquisition, the director now owns 3,035 shares of the company’s stock, valued at approximately $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. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BFC. Hovde Group upgraded Bank First from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Tuesday, May 6th. Piper Sandler increased their price objective on Bank First from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, April 17th.

Bank First Stock Up 0.2%

Shares of NASDAQ:BFC opened at $116.25 on Friday. The firm has a 50 day simple moving average of $105.94 and a 200-day simple moving average of $103.40. Bank First Co. has a twelve month low of $77.00 and a twelve month high of $119.04. 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 company has a market capitalization of $1.16 billion, a PE ratio of 17.88 and a beta of 0.42.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results 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 analysts’ expectations of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, equities analysts predict that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $3.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Bank First’s previous dividend of $0.20. Bank First’s dividend payout ratio is 26.43%.

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.