Bank First (NASDAQ:BFC) Reaches New 1-Year High at $93.50

Bank First Co. (NASDAQ:BFC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.50 and last traded at $93.46, with a volume of 25032 shares traded. The stock had previously closed at $92.75.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on Bank First from $84.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th.

Bank First Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $947.92 million, a P/E ratio of 12.21 and a beta of 0.32. The business has a 50 day simple moving average of $82.99 and a 200-day simple moving average of $83.10.

Bank First (NASDAQ:BFC) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. The company had revenue of $55.22 million during the quarter, compared to the consensus estimate of $38.70 million. Bank First had a return on equity of 10.13% and a net margin of 32.18%. On average, sell-side analysts forecast that Bank First Co. will post 6.1 EPS for the current year.

Bank First Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.40 per share. This is an increase from Bank First’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.70%. Bank First’s dividend payout ratio is presently 18.18%.

Institutional Trading of Bank First

Institutional investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC purchased a new stake in Bank First during the 1st quarter worth about $2,054,000. N.E.W. Advisory Services LLC lifted its holdings in Bank First by 42.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 6,686 shares of the company’s stock worth $579,000 after purchasing an additional 2,000 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Bank First by 7.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 17,077 shares of the company’s stock worth $1,480,000 after purchasing an additional 1,231 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bank First by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 510,701 shares of the company’s stock worth $39,401,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Bank First during the 4th quarter worth about $241,000. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Bank First Company 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.