Dimensional Fund Advisors LP Buys 11,096 Shares of Bank First Co. (NASDAQ:BFC)

Dimensional Fund Advisors LP raised its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 57.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,247 shares of the company's stock after acquiring an additional 11,096 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Bank First worth $2,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in Bank First by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock valued at $469,000 after acquiring an additional 105 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bank First by 130.3% during the third quarter. JPMorgan Chase & Co. now owns 23,865 shares of the company's stock valued at $2,165,000 after purchasing an additional 13,502 shares during the period. Merit Financial Group LLC boosted its stake in shares of Bank First by 88.7% during the fourth quarter. Merit Financial Group LLC now owns 179,814 shares of the company's stock valued at $17,818,000 after purchasing an additional 84,524 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bank First during the fourth quarter valued at approximately $277,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Bank First during the fourth quarter valued at approximately $287,000. 29.95% of the stock is currently owned by institutional investors.

Bank First Trading Up 0.8%

Shares of NASDAQ:BFC traded up $0.88 during trading on Monday, reaching $117.13. 21,657 shares of the company traded hands, compared to its average volume of 21,983. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.02 and a beta of 0.42. Bank First Co. has a 52-week low of $77.00 and a 52-week 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. The business's fifty day moving average is $106.29 and its 200-day moving average is $103.65.

Bank First (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 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 company had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. As a group, analysts forecast that Bank First Co. will post 6.9 EPS for the current year.

Bank First Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $3.50 dividend. This is a positive change from Bank First's previous dividend of $0.20. The ex-dividend date was Friday, May 9th. Bank First's dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analysts Forecast Growth

BFC has been the subject of a number of analyst reports. Hovde Group raised Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research note on Tuesday, May 6th. Piper Sandler increased their price objective on Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th.

Insider Buying and Selling

In other news, Director Daniel C. Mcconeghy acquired 380 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired 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 of the company's stock, valued at $211,440. This represents a 23.46% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael S. Stayer-Suprick acquired 1,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased 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 of the company's stock, 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. 3.42% of the stock is currently owned by insiders.

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.