Bank First (NASDAQ:BFC) Reaches New 52-Week High – Here’s Why

Shares of Bank First Co. (NASDAQ:BFC) reached a new 52-week high during trading on Monday . The stock traded as high as $110.20 and last traded at $110.20, with a volume of 476 shares trading hands. The stock had previously closed at $106.79.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their target price on shares of Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Bank First Stock Performance

The firm’s fifty day simple moving average is $94.75 and its 200 day simple moving average is $88.71. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.06 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC) last posted its quarterly earnings data 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. The firm had revenue of $58.93 million for the quarter, compared to analysts’ expectations of $39.60 million. Bank First had a net margin of 32.02% and a return on equity of 10.10%. On average, sell-side analysts forecast that Bank First Co. will post 6.35 EPS for the current year.

Bank First Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.45 dividend. This is an increase from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 23rd. Bank First’s dividend payout ratio is currently 19.66%.

Hedge Funds Weigh In On Bank First

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC boosted its holdings in shares of Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after purchasing an additional 657 shares during the period. Arizona State Retirement System boosted its stake in shares of Bank First by 5.5% during the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after buying an additional 133 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in shares of Bank First during the 1st quarter valued at $232,000. PDT Partners LLC acquired a new position in shares of Bank First in the third quarter worth $306,000. Finally, SG Americas Securities LLC raised its holdings in shares of Bank First by 91.7% during the third quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after acquiring an additional 1,768 shares in the last quarter. Hedge funds and other 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.