Bank First Co. (NASDAQ:BFC – Get Free Report) shares hit a new 52-week high during trading on Thursday after Piper Sandler raised their price target on the stock from $99.00 to $104.00. Piper Sandler currently has a neutral rating on the stock. Bank First traded as high as $96.00 and last traded at $96.00, with a volume of 8076 shares traded. The stock had previously closed at $94.07.
Hedge Funds Weigh In On Bank First
Large investors have recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in Bank First by 65,700.0% during the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock worth $54,000 after buying an additional 657 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of 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. Price T Rowe Associates Inc. MD bought a new position in Bank First during the first quarter worth about $232,000. EntryPoint Capital LLC lifted its holdings in shares of Bank First by 102.8% in the first quarter. EntryPoint Capital LLC now owns 2,726 shares of the company’s stock valued at $236,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Bank First in the 4th quarter valued at approximately $241,000. Institutional investors and hedge funds own 29.95% of the company’s stock.
Bank First Stock Up 2.1 %
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 firm’s 50 day moving average price is $89.16 and its two-hundred day moving average price is $84.98. The company has a market capitalization of $967.78 million, a P/E ratio of 12.22 and a beta of 0.30.
Bank First Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.88%. This is a positive change from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 23rd. Bank First’s dividend payout ratio is currently 20.78%.
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.
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