Northern Trust Corp Acquires 5,098 Shares of Bank First Co. (NASDAQ:BFC)

Northern Trust Corp grew its holdings in shares of Bank First Co. (NASDAQ:BFC - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,639 shares of the company's stock after acquiring an additional 5,098 shares during the period. Northern Trust Corp owned about 0.96% of Bank First worth $9,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in Bank First by 771.4% in the 4th quarter. Sterling Capital Management LLC now owns 305 shares of the company's stock worth $30,000 after buying an additional 270 shares during the period. KLP Kapitalforvaltning AS bought a new position in Bank First in the 4th quarter worth $189,000. Hanlon Investment Management Inc. bought a new position in Bank First in the 4th quarter worth $218,000. Hsbc Holdings PLC bought a new position in Bank First in the 4th quarter worth $230,000. Finally, Mariner LLC boosted its holdings in Bank First by 4.7% in the 4th quarter. Mariner LLC now owns 2,497 shares of the company's stock worth $247,000 after buying an additional 112 shares during the period. Institutional investors own 29.95% of the company's stock.

Bank First Price Performance

Bank First stock traded down $0.06 during mid-day trading on Friday, hitting $114.46. The stock had a trading volume of 30,592 shares, compared to its average volume of 22,165. The firm's 50 day moving average is $107.45 and its 200 day moving average is $104.12. 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 P/E ratio of 17.61 and a beta of 0.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

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

Bank First Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $3.50 per share. The ex-dividend date was Friday, May 9th. This is an increase from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio is 26.43%.

Insider Buying and Selling at Bank First

In related news, Director Daniel C. Mcconeghy acquired 380 shares of the company's 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 acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $211,440. This trade represents a 23.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.42% of the company's stock.

Analyst Upgrades and Downgrades

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

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.