Millennium Management LLC Sells 23,762 Shares of Bank First Co. (NASDAQ:BFC)

Millennium Management LLC cut its holdings in Bank First Co. (NASDAQ:BFC - Free Report) by 76.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,227 shares of the company's stock after selling 23,762 shares during the period. Millennium Management LLC owned approximately 0.07% of Bank First worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BFC. Lazard Asset Management LLC bought a new position in shares of Bank First in the 4th quarter worth about $25,000. Sterling Capital Management LLC grew its stake 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 buying an additional 270 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Bank First in the 4th quarter valued at about $189,000. Hanlon Investment Management Inc. bought a new stake in Bank First in the 4th quarter valued at about $218,000. Finally, Hsbc Holdings PLC bought a new stake in Bank First in the 4th quarter valued at about $230,000. 29.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of 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 target price for the company in a research report on Tuesday, May 6th. Piper Sandler boosted their target price 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 Stock Performance

Shares of Bank First stock opened at $114.85 on Friday. Bank First Co. has a one year low of $77.00 and a one year high of $119.04. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 17.67 and a beta of 0.39. The business has a 50-day simple moving average of $109.98 and a 200 day simple moving average of $104.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.82 EPS for the quarter, beating 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 business had revenue of $43.10 million during the quarter, compared to analyst estimates of $41.80 million. On average, research analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 16th. Shareholders 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.

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