Bank First (NASDAQ:BFC) Reaches New 12-Month High – Should You Buy?

Bank First Co. (NASDAQ:BFC) shares reached a new 52-week high on Monday . The stock traded as high as $110.20 and last traded at $110.20, with a volume of 476 shares. The stock had previously closed at $106.79.

Wall Street Analysts Forecast Growth

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

Bank First Price Performance

The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.06 and a beta of 0.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $94.75 and a two-hundred day moving average price of $88.71.

Bank First (NASDAQ:BFC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 earnings per share 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 firm had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. As a group, research analysts forecast that Bank First Co. will post 6.35 EPS for the current year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a $0.45 dividend. This is a boost from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, December 23rd. Bank First’s dividend payout ratio (DPR) is currently 19.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC increased its stake in shares of Bank First by 339.9% during the third quarter. Barclays PLC now owns 15,635 shares of the company’s stock valued at $1,417,000 after acquiring an additional 12,081 shares during the period. Geode Capital Management LLC boosted its stake in Bank First by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 222,204 shares of the company’s stock valued at $20,158,000 after purchasing an additional 7,922 shares in the last quarter. State Street Corp increased its position in shares of Bank First by 3.4% during the 3rd 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 during the period. Stifel Financial Corp raised its stake in shares of Bank First by 18.1% in the 3rd quarter. Stifel Financial Corp now owns 47,834 shares of the company’s stock worth $4,339,000 after buying an additional 7,336 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Bank First in the third quarter valued at $306,000. 29.95% of the stock is owned by institutional investors and hedge funds.

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.