Stifel Financial Corp Raises Stock Position in Bank First Co. (NASDAQ:BFC)

Stifel Financial Corp grew its position in Bank First Co. (NASDAQ:BFC) by 18.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,834 shares of the company’s stock after purchasing an additional 7,336 shares during the period. Stifel Financial Corp’s holdings in Bank First were worth $4,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BFC. Arizona State Retirement System raised its holdings in Bank First by 5.5% in the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after buying an additional 133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bank First by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock valued at $1,037,000 after acquiring an additional 155 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Bank First by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 4,250 shares of the company’s stock valued at $351,000 after acquiring an additional 250 shares during the period. Quest Partners LLC raised its stake in shares of Bank First by 65,700.0% in the 2nd quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after acquiring an additional 657 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Bank First by 5.5% in the 2nd quarter. Rhumbline Advisers now owns 14,246 shares of the company’s stock worth $1,177,000 after acquiring an additional 746 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company’s stock.

Bank First Price Performance

BFC opened at $106.79 on Monday. The stock’s 50-day moving average price is $99.51 and its 200 day moving average price is $91.11. Bank First Co. has a 12-month low of $74.90 and a 12-month high of $110.49. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 13.12 and a beta of 0.34. 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 (NASDAQ:BFC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.54 by $0.11. Bank First had a net margin of 32.02% and a return on equity of 10.10%. The business had revenue of $58.93 million during 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 year.

Bank First Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from Bank First’s previous quarterly dividend of $0.40. Bank First’s dividend payout ratio is currently 22.11%.

Analyst Ratings Changes

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 report on Thursday, October 17th.

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.