Legacy Private Trust Co. Has $313,000 Stock Position in Bank First Co. (NASDAQ:BFC)

Legacy Private Trust Co. lessened its stake in shares of Bank First Co. (NASDAQ:BFC) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,155 shares of the company’s stock after selling 500 shares during the period. Legacy Private Trust Co.’s holdings in Bank First were worth $313,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Bank First by 167.3% in the 2nd quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock worth $3,128,000 after acquiring an additional 23,705 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Bank First by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company’s stock valued at $2,165,000 after purchasing an additional 13,502 shares during the period. Barclays PLC lifted its position in shares of Bank First by 339.9% in the third quarter. Barclays PLC now owns 15,635 shares of the company’s stock worth $1,417,000 after purchasing an additional 12,081 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bank First by 3.7% during the third quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock worth $20,158,000 after purchasing an additional 7,922 shares during the period. Finally, State Street Corp increased its stake in Bank First by 3.4% in the 3rd quarter. State Street Corp now owns 238,225 shares of the company’s stock valued at $21,701,000 after buying an additional 7,822 shares during the period. 29.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of 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 Down 0.1 %

Shares of Bank First stock opened at $96.66 on Thursday. The firm has a market cap of $967.76 million, a price-to-earnings ratio of 11.87 and a beta of 0.35. The stock has a 50-day simple moving average of $102.62 and a 200-day simple moving average of $93.49. Bank First Co. has a 52-week low of $74.90 and a 52-week high of $110.49. 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 earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. Bank First had a net margin of 32.02% and a return on equity of 10.10%. The firm had revenue of $58.93 million during the quarter, compared to analysts’ expectations of $39.60 million. On average, equities research analysts expect that Bank First Co. will post 6.35 earnings per share for the current fiscal year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.86%. This is an increase from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 23rd. Bank First’s dividend payout ratio is presently 22.11%.

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.