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

Stifel Financial Corp lessened its holdings in Bank First Co. (NASDAQ:BFC - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,020 shares of the company's stock after selling 2,814 shares during the quarter. Stifel Financial Corp owned approximately 0.45% of Bank First worth $4,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in shares of Bank First by 771.4% in the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after purchasing an additional 270 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Bank First in the fourth quarter valued at approximately $189,000. Hanlon Investment Management Inc. acquired a new stake in shares of Bank First in the fourth quarter valued at approximately $218,000. Mariner LLC grew its position in shares of Bank First by 4.7% during the fourth quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after acquiring an additional 112 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Bank First in the 4th quarter valued at $277,000. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael S. Stayer-Suprick bought 1,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $102.07 per share, with a total value of $102,070.00. Following the completion of the acquisition, the director now owns 3,035 shares in the company, valued at approximately $309,782.45. This represents a 49.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Mcconeghy purchased 380 shares of Bank First stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $105.72 per share, with a total value of $40,173.60. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $211,440. This trade represents a 23.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Bank First from $110.00 to $111.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Hovde Group upgraded Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Tuesday.

Bank First Stock Performance

NASDAQ:BFC traded up $0.51 during midday trading on Tuesday, reaching $115.03. The stock had a trading volume of 2,071 shares, compared to its average volume of 21,000. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.15 billion, a P/E ratio of 17.68 and a beta of 0.42. The firm has a fifty day simple moving average of $103.59 and a two-hundred day simple moving average of $102.03. Bank First Co. has a 12-month low of $77.00 and a 12-month high of $117.24.

Bank First (NASDAQ:BFC - Get Free Report) 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. The business had revenue of $43.10 million for the quarter, compared to analyst estimates of $41.80 million. Bank First had a net margin of 29.00% and a return on equity of 10.53%. On average, equities analysts expect that Bank First Co. will post 6.9 EPS for the current year.

Bank First Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be paid a dividend of $3.50 per share. This is an increase from Bank First's previous dividend of $0.20. The ex-dividend date of this dividend is Friday, May 9th. Bank First's dividend payout ratio is 26.43%.

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.