Jane Street Group LLC Sells 2,325 Shares of Bank First Co. (NASDAQ:BFC)

Jane Street Group LLC cut its holdings in shares of Bank First Co. (NASDAQ:BFC) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,912 shares of the company’s stock after selling 2,325 shares during the period. Jane Street Group LLC’s holdings in Bank First were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Bank First by 167.3% in the second quarter. American Century Companies Inc. now owns 37,873 shares of the company’s stock valued at $3,128,000 after purchasing an additional 23,705 shares in the last quarter. State Street Corp lifted its holdings in shares of Bank First by 3.4% in the third quarter. State Street Corp now owns 238,225 shares of the company’s stock valued at $21,701,000 after purchasing an additional 7,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bank First by 158.0% in the second quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company’s stock valued at $1,039,000 after purchasing an additional 7,703 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Bank First by 18.1% in the third quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock valued at $4,339,000 after purchasing an additional 7,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank First by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock valued at $6,791,000 after purchasing an additional 4,480 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors.

Bank First Stock Performance

BFC opened at $97.80 on Monday. Bank First Co. has a 52-week low of $74.90 and a 52-week high of $110.49. The firm has a market capitalization of $979.17 million, a PE ratio of 12.01 and a beta of 0.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $102.42 and its 200 day simple moving average is $93.22.

Bank First (NASDAQ:BFC) last released its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The business had revenue of $58.93 million for the quarter, compared to analyst estimates of $39.60 million. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Bank First’s previous quarterly dividend of $0.40. Bank First’s payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

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 report on Thursday, October 17th.

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.