Bank First Co. (NASDAQ:BFC) Shares Acquired by Legacy Private Trust Co.

Legacy Private Trust Co. raised its position in Bank First Co. (NASDAQ:BFC - Free Report) by 94.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,147 shares of the company's stock after buying an additional 2,992 shares during the quarter. Legacy Private Trust Co. owned about 0.06% of Bank First worth $619,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Bank First by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 4,438 shares of the company's stock worth $440,000 after purchasing an additional 742 shares during the period. Heck Capital Advisors LLC purchased a new position in Bank First in the fourth quarter worth $349,000. Rosenthal Henry Capital Advisors Inc. acquired a new stake in Bank First in the fourth quarter valued at $1,031,000. Bank of New York Mellon Corp boosted its position in shares of Bank First by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 39,977 shares of the company's stock worth $3,961,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bank First by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,563 shares of the company's stock worth $7,488,000 after purchasing an additional 693 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on BFC. Piper Sandler raised their price objective on shares of Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Hovde Group raised shares of Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a report on Tuesday, May 6th.

Bank First Price Performance

BFC stock traded up $1.43 during trading on Tuesday, reaching $116.37. 214,557 shares of the company were exchanged, compared to its average volume of 24,753. The company has a market cap of $1.15 billion, a P/E ratio of 17.90 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Bank First Co. has a 52-week low of $77.00 and a 52-week high of $119.04. The stock's 50 day moving average price is $108.96 and its 200 day moving average price is $104.56.

Bank First (NASDAQ:BFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.20. The business had revenue of $43.10 million during the quarter, compared to the consensus estimate of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. As a group, analysts predict that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $3.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Bank First's previous dividend of $0.20. Bank First's 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.