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

Millennium Management LLC trimmed its stake in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 76.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,227 shares of the company's stock after selling 23,762 shares during the quarter. 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 (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Bank First in the fourth quarter valued at $25,000. Sterling Capital Management LLC raised its holdings 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 worth $30,000 after acquiring an additional 270 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bank First in the fourth quarter valued at about $189,000. Hanlon Investment Management Inc. purchased a new stake in shares of Bank First during the fourth quarter worth about $218,000. Finally, Hsbc Holdings PLC acquired a new position in Bank First in the fourth quarter valued at approximately $230,000. Institutional investors and hedge funds own 29.95% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Hovde Group upgraded shares of Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research note on Tuesday, May 6th. Piper Sandler upped their target price on Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th.

Bank First Trading Down 0.3%

Shares of NASDAQ BFC traded down $0.32 during mid-day trading on Wednesday, hitting $116.43. 80,223 shares of the company traded hands, compared to its average volume of 27,581. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First Co. has a 1 year low of $77.00 and a 1 year high of $119.04. The business has a 50 day moving average of $111.06 and a two-hundred day moving average of $105.09. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 17.91 and a beta of 0.39.

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 business 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, sell-side analysts anticipate that Bank First Co. will post 6.9 earnings per share for the current fiscal year.

Bank First Increases Dividend

The firm also recently announced 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 a boost from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio is presently 26.43%.

About Bank First

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.