Bank First Co. (NASDAQ:BFC) Stake Lessened by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC decreased its holdings in shares of Bank First Co. (NASDAQ:BFC) by 66.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,673 shares of the company’s stock after selling 146,153 shares during the quarter. Nicolet Advisory Services LLC owned 0.75% of Bank First worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Quest Partners LLC boosted its stake in shares of Bank First by 65,700.0% during the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after buying an additional 657 shares during the period. Arizona State Retirement System boosted its position in Bank First by 5.5% during the second quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after purchasing an additional 133 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Bank First in the first quarter valued at about $232,000. SG Americas Securities LLC increased its position in Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Bank First by 6.3% during the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock worth $351,000 after purchasing an additional 250 shares in the last quarter. 29.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on Bank First from $99.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th.

Bank First Stock Up 1.9 %

BFC stock opened at $106.79 on Friday. 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 firm has a market cap of $1.07 billion, a PE ratio of 13.12 and a beta of 0.30. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $109.83. The company has a fifty day simple moving average of $94.45 and a 200 day simple moving average of $88.46.

Bank First (NASDAQ:BFC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. The company had revenue of $58.93 million during the quarter, compared to analysts’ expectations of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. Sell-side analysts anticipate that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The company also recently announced 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. The ex-dividend date is Monday, December 23rd. This is a positive change from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.69%. Bank First’s dividend payout ratio (DPR) is presently 19.66%.

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.