Bank First (NASDAQ:BFC) Upgraded at Hovde Group

Hovde Group upgraded shares of Bank First (NASDAQ:BFC) from a market perform rating to an outperform rating in a report published on Tuesday, MarketBeat.com reports. They currently have $130.00 target price on the stock.

Separately, Piper Sandler upped their price target on shares of Bank First from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th.

Bank First Stock Performance

Bank First stock opened at $116.15 on Tuesday. Bank First has a 1-year low of $77.00 and a 1-year high of $117.24. The company’s 50-day moving average is $103.85 and its 200 day moving average is $102.13. The firm has a market capitalization of $1.16 billion, a P/E ratio of 17.87 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.20. Bank First had a return on equity of 10.53% and a net margin of 29.00%. The firm had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. Research analysts forecast that Bank First will post 6.9 EPS for the current year.

Bank First Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a $3.50 dividend. This is a positive change from Bank First’s previous dividend of $0.20. The ex-dividend date of this dividend is Friday, May 9th. Bank First’s payout ratio is presently 26.43%.

Insiders Place Their Bets

In other Bank First news, Director Daniel C. Mcconeghy bought 380 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $105.72 per share, with a total value of $40,173.60. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $211,440. This trade represents a 23.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of $102.07 per share, with a total value of $102,070.00. Following the transaction, the director now directly owns 3,035 shares in the company, valued at approximately $309,782.45. This trade represents a 49.14 % increase in their position. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in shares of Bank First by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company’s stock worth $469,000 after purchasing an additional 105 shares during the last quarter. Mariner LLC raised its holdings in Bank First by 4.7% in the fourth quarter. Mariner LLC now owns 2,497 shares of the company’s stock worth $247,000 after purchasing an additional 112 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Bank First by 1.2% during the fourth quarter. Citadel Advisors LLC now owns 10,264 shares of the company’s stock valued at $1,017,000 after buying an additional 119 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Bank First by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,531 shares of the company’s stock valued at $449,000 after buying an additional 123 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bank First by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company’s stock worth $546,000 after buying an additional 124 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

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.