Quest Partners LLC Has $187,000 Holdings in Bank First Co. (NASDAQ:BFC)

Quest Partners LLC raised its position in shares of Bank First Co. (NASDAQ:BFC) by 212.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,057 shares of the company’s stock after purchasing an additional 1,399 shares during the quarter. Quest Partners LLC’s holdings in Bank First were worth $187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its position 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 worth $211,000 after buying an additional 133 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Bank First during the 1st quarter worth approximately $232,000. SG Americas Securities LLC grew its position in shares of Bank First by 91.7% during the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after buying an additional 1,768 shares during the period. Harbour Investments Inc. grew its position 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 buying an additional 250 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Bank First by 30.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock worth $435,000 after buying an additional 1,237 shares during the period. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Price Performance

Shares of BFC opened at $106.64 on Thursday. Bank First Co. has a 12-month low of $74.90 and a 12-month high of $110.49. The business’s fifty day moving average is $95.03 and its 200 day moving average is $88.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.07 billion, a P/E ratio of 13.10 and a beta of 0.30.

Bank First (NASDAQ:BFC) last issued its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The company had revenue of $58.93 million for the quarter, compared to analysts’ expectations of $39.60 million. Sell-side analysts anticipate that Bank First Co. will post 6.35 earnings per share 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 issued a $0.45 dividend. This is a boost from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, December 23rd. Bank First’s dividend payout ratio (DPR) is currently 22.11%.

Wall Street Analyst Weigh In

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

Bank First Company 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.