Bank First Co. (NASDAQ:BFC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Bank First Co. (NASDAQ:BFC) by 158.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,579 shares of the company’s stock after buying an additional 7,703 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.12% of Bank First worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BFC. Vanguard Group Inc. lifted its stake in Bank First by 0.8% during the first quarter. Vanguard Group Inc. now owns 485,954 shares of the company’s stock worth $42,118,000 after purchasing an additional 3,809 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Bank First by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 45,912 shares of the company’s stock worth $3,792,000 after purchasing an additional 4,157 shares during the last quarter. American Century Companies Inc. lifted its stake in Bank First by 167.3% during the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock worth $3,128,000 after purchasing an additional 23,705 shares during the last quarter. F M Investments LLC purchased a new stake in Bank First during the second quarter worth approximately $2,560,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Bank First during the first quarter worth approximately $2,054,000. 29.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Bank First Price Performance

Shares of NASDAQ BFC opened at $89.60 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. Bank First Co. has a twelve month low of $70.00 and a twelve month high of $96.00. The stock has a 50 day moving average of $88.68 and a two-hundred day moving average of $84.87. The stock has a market cap of $896.90 million, a P/E ratio of 11.31 and a beta of 0.30.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Bank First had a return on equity of 10.07% and a net margin of 32.18%. The company had revenue of $55.22 million during the quarter, compared to analysts’ expectations of $38.70 million. On average, research analysts forecast that Bank First Co. will post 6.07 earnings per share for the current year.

Bank First Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. This is a boost from Bank First’s previous quarterly dividend of $0.35. Bank First’s payout ratio is currently 20.20%.

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.