Bank of America Corp DE Has $1.02 Million Stock Holdings in Bank First Co. (NASDAQ:BFC)

Bank of America Corp DE lifted its position in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,326 shares of the company's stock after purchasing an additional 2,837 shares during the period. Bank of America Corp DE owned 0.10% of Bank First worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BFC. Commonwealth Equity Services LLC boosted its stake in shares of Bank First by 2.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock valued at $469,000 after buying an additional 105 shares during the period. Mariner LLC increased its stake in Bank First by 4.7% during the 4th quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after acquiring an additional 112 shares during the period. Renaissance Technologies LLC raised its holdings in Bank First by 4.2% in the 4th quarter. Renaissance Technologies LLC now owns 5,000 shares of the company's stock valued at $495,000 after acquiring an additional 200 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Bank First by 771.4% during the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock valued at $30,000 after acquiring an additional 270 shares during the period. Finally, ExodusPoint Capital Management LP lifted its position in shares of Bank First by 8.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 3,456 shares of the company's stock valued at $342,000 after acquiring an additional 273 shares during the period. 29.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of 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 note on Tuesday, May 6th. Piper Sandler raised their target price on shares of Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a report on Thursday, April 17th.

Bank First Price Performance

NASDAQ:BFC traded up $1.83 during mid-day trading on Tuesday, reaching $116.75. The stock had a trading volume of 58,882 shares, compared to its average volume of 27,322. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $119.04. The stock has a market capitalization of $1.16 billion, a PE ratio of 17.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50-day simple moving average of $110.66 and a two-hundred day simple moving average of $105.01.

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, beating the consensus estimate of $1.62 by $0.20. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $41.80 million. Bank First had a return on equity of 10.53% and a net margin of 29.00%. On average, equities analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current year.

Bank First Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $3.50 dividend. The ex-dividend date was Friday, May 9th. This is a boost from Bank First's previous dividend of $0.20. 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.