Bank First (NASDAQ:BFC) Hits New 12-Month High at $72.92


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Bank First Co. (NASDAQ:BFC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $72.92 and last traded at $71.42, with a volume of 907 shares trading hands. The stock had previously closed at $69.75.

Separately, Zacks Investment Research raised Bank First from a “hold” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research report on Friday, January 22nd.

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $552.08 million, a P/E ratio of 15.20 and a beta of 0.38. The firm has a 50 day moving average of $68.68 and a 200-day moving average of $67.31.

Bank First (NASDAQ:BFC) last issued its quarterly earnings results on Monday, January 18th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.16. Bank First had a return on equity of 13.19% and a net margin of 28.94%. As a group, research analysts expect that Bank First Co. will post 4.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 7th. Shareholders of record on Wednesday, March 24th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, March 23rd. Bank First’s payout ratio is presently 21.71%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crescent Grove Advisors LLC lifted its stake in Bank First by 0.4% during the third quarter. Crescent Grove Advisors LLC now owns 44,130 shares of the company’s stock worth $2,599,000 after purchasing an additional 183 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bank First by 10.5% during the third quarter. JPMorgan Chase & Co. now owns 2,340 shares of the company’s stock worth $137,000 after purchasing an additional 223 shares during the last quarter. California Public Employees Retirement System lifted its stake in Bank First by 2.2% during the third quarter. California Public Employees Retirement System now owns 14,238 shares of the company’s stock worth $836,000 after purchasing an additional 300 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Bank First by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,504 shares of the company’s stock worth $1,005,000 after purchasing an additional 345 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Bank First by 2.6% during the fourth quarter. Swiss National Bank now owns 15,717 shares of the company’s stock worth $1,019,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 25.18% of the company’s stock.

About Bank First (NASDAQ:BFC)

Bank First Corporation operates as a holding company for Bank First N.A. that provides consumer and commercial financial services to individuals and businesses in Wisconsin. The company offers demand, time, and savings deposits; checking, savings, money market, cash management, retirement, and health savings accounts; certificates of deposit; and residential mortgage products.

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