Dimensional Fund Advisors LP Has $3 Million Holdings in Bank First Co. (NASDAQ:BFC)

Dimensional Fund Advisors LP grew its position in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,247 shares of the company's stock after acquiring an additional 11,096 shares during the quarter. Dimensional Fund Advisors LP owned about 0.30% of Bank First worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFC. Sterling Capital Management LLC increased its holdings in shares of Bank First by 771.4% during the fourth quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Bank First during the fourth quarter worth $189,000. Hanlon Investment Management Inc. purchased a new stake in Bank First in the 4th quarter valued at $218,000. Mariner LLC raised its position in Bank First by 4.7% in the 4th quarter. Mariner LLC now owns 2,497 shares of the company's stock valued at $247,000 after buying 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. Institutional investors own 29.95% of the company's stock.

Insider Activity

In other news, Director Michael S. Stayer-Suprick acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $102.07 per share, with a total value of $102,070.00. Following the acquisition, the director now owns 3,035 shares in the company, valued at $309,782.45. The trade was a 49.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Mcconeghy acquired 380 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $105.72 per share, with a total value of $40,173.60. Following the acquisition, the director now owns 2,000 shares in the company, valued at $211,440. The trade was a 23.46% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.42% of the company's stock.

Bank First Trading Up 1.4%

NASDAQ BFC opened at $116.01 on Wednesday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 17.85 and a beta of 0.42. The business has a fifty day simple moving average of $105.00 and a 200 day simple moving average of $102.93. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $119.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts predict that Bank First Co. will post 6.9 EPS for the current fiscal 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 given a dividend of $3.50 per share. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio (DPR) is currently 26.43%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Hovde Group raised Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research report on Tuesday, May 6th. Piper Sandler increased their price target on Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th.

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.

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